Topic > The role of the CFO in supporting the financial activities of WKT Limited...

Assignment FIN200, T220141. List and briefly describe the three general areas of responsibility of a Chief Financial Officer (CFO) of a selected non-financial company listed on the Australian Stock Exchange (ASX). The most trusted in making products for home builders, renovations and commercial constructions, WKT Limited is basically a leading company in this particular field located in the countries of Australia and New Zealand. This is actually a company listed on the Australian Foreign Exchange with the ASX code of WKT (WALKABOUT RESOURCES LTD). Its vision refers to maintaining its statuette through the innovation of higher-performing and cost-effective solutions for building design and construction (WKT Limited, 2014). The Australian manufacturing sector in which WKT is included faces the challenges of a high and sustained Australian dollar, trade instability and very high costs. . So, what has made WKT Limited a powerful and key competitor in the field of manufacturing, residential and commercial building solutions and building products? Anyone can clearly give one of the credits to their employees in support of the company's success, especially towards a person very similar to the Chief Finance Officer associated with this company. At the moment, the individual in this particular position since 2010 is Mr. Geoff Wallace. Mr Geoff Wallace, Chief Finance Officer of WKT Limited Australia and New Zealand, has key expertise in forecasting, business leadership, corporate strategy, mergers, valuation and change management, all associated with his key roles in supporting the financial position considering the company in general. Sector Insights quoted in 2012 that “after all is said and done, producers, including WKT, have a responsibility to… middle of paper…). In 2007, the ASX Corporate Governance Council announced its corporate governance principles and recommendations in which KPMG assessed its Principle 7: System Risk Management and the CFO's function in all of this. In essence, the audit revelation seemed to be that in fact platforms working with a robust risk administration system were functioning successfully in the context of financial aspects (KPMG, 2010). Risk assessment or risk management in general will offer adequacy along extended financial plans. This is a portfolio of related expenses that is delicate and requires defined management and financial projections that could inevitably provide traders and certainly stakeholders with economic victory (ACCA, 2012). ReferenceLtd, W. (2014). Walkabout Resources. [online] Wkt.com.au. Available at: http://www.wkt.com.au/ [Accessed 22 Sep. 2014].