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What is the difference between a chief accounting officer and chief financial officer?

Project Control Project Management Management
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Question added by Joefil C. Jocson , CEO/President , Dyas Construction and Management Consultants
Date Posted: 2013/11/12
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Ahamed Shareef
by Ahamed Shareef , Divisional Head - Quality Assurance , Apollo Tyres Ltd

The difference exactly lies in the terms itself. Accounting is associated with past - Reporting what happened with organizations spending of money, where as, Finance is associated with future - What shall we do with available money and how shall we support enhancing business.

This can be associated to CAO or CFO.

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