Responsibility for a chief financial officer

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Questions

A. List and briefly describe the three general areas of responsibility for a chief financial officer (CFO) of a selected non-financial company which is listed on Australian Stock Exchange (ASX). Explain how those responsibilities can affect ultimate objective of the company. The name of company you choose should start with the first letter of your first, last or middle name. (1500 words)

B. "If the efficient-market hypothesis is true, the pension fund manager might as well select a portfolio with a pin." Explain why this is not the case. (500 words).

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The assignment talks about the roles and the various different responsibilities of the CFO. The company undertaken for review is Wesfarmers. The CFO proves to be efficient since the revenues of the company have only improved along with an increase in the share prices, the cash flows etc. His main is the achievement of an efficient working capital along with increase in the returns to the shareholders. Then the assignment is about efficient market hypothesis which is never true since there are many of the conditions that are beyond the control of the market and hence, efficient market cannot be achieved.

Reference no: EM131203254

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