CFO
Scope of Services
Empowering You to Feel
Your Best Every Day
First: Establishing and Managing the Finance Department
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Establishing the finance department from scratch in line with best professional practices.
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Designing the organizational structure of the finance department and defining job descriptions.
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Recruiting and selecting qualified accountants and financial staff.
- Developing and implementing approved financial and accounting policies and procedures.
Second: Financial and Accounting Systems
- Assessing and evaluating the company’s current financial position and business model.
- Selecting the most suitable accounting system based on the nature and size of the business.
- Supervising the implementation of the accounting system and integrating it with operational processes.
- Ensuring compliance with accounting standards and local regulations.
Third: Financial Supervision and Oversight
- Providing daily and direct supervision of accounting activities.
- Reviewing and auditing completed work to ensure compliance with established standards.
- Preparing and reviewing closing accounts.
- Preparing periodic financial reports (monthly, quarterly, and annual).
Fourth: Financial Reporting and Analysis
- Preparing financial performance reports and analyzing results.
- Analyzing cash flows and managing liquidity.
- Providing financial recommendations to support decision-making.
- Monitoring financial variances and proposing appropriate corrective actions.
Fifth: Strategic CFO Role
- Participating in the preparation of operational and strategic plans.
- Supporting senior management in financial decision-making.
- Enhancing profitability and controlling costs.
- Representing the finance function before relevant stakeholders when required.