Related documents: 1  Articles of Confederation, March 1, 1781. 2  James Madison's Notes on the Debates in the Federal Convention, May 25, 1787. 3  George Washington Letter to Thomas Jefferson Concerning the Constitutional Convention, May 30, 1787. 4  United States Constitution, September 17, 1787.
Chief Financial Officer. The CFO or vice president of finance is the executive at the top of an accounting organizational structure. This person reports directly to the business owner or CEO and is responsible for ensuring that all aspects of accounting and finance are carried out in accordance with the company's policies.
A responsibility center is a part or subunit of a company for which a manager has authority and responsibility. The company's detailed organization chart is a logical source for determining responsibility centers. The most common responsibility centers are the departments within a company. When the manager of a responsibility center can control only costs, the responsibility center is referred to as a cost center. If a manager can control both costs and revenues, the responsibility center is known as a profit center.