Final answer:
The statement is true; a company's CFO oversees banking, short- and long-term financing, investments, and cash management. These core functions are part of the CFO's broad role in the financial leadership of a company.
Step-by-step explanation:
True, the CFO (Chief Financial Officer) of a company does oversee banking, short- and long-term financing, investments, and cash management. These responsibilities are central to a CFO's role within a company's financial operations and strategic financial planning.
The CFO manages the company's financial risks, as well as its financial planning, record-keeping, and financial reporting. In the context of capital acquisition, the CFO evaluates options such as taking loans from banks, issuing bonds, or selling stocks to the public, weighing the advantages and disadvantages of each method in terms of control, financial obligation, and impact on company operations. When borrowing from banks or issuing bonds, a company must make scheduled interest payments, which is a commitment that the CFO must plan to meet - irrespective of the company's current revenue. On the other hand, issuing stock reduces control and introduces responsibility to shareholders and a board of directors, factors that the CFO must also manage carefully.