the various function done by finance department is:-
Budget preparation Budget administration Cost allocation Accounts Payable Payroll Fringe benefits Grants administration Monitoring service providers Technical assistance to service providers Contract administration
Typically the function of a finance department involves the following duties:
A. Review the monthly ledgers of the Accounting Department;
B. Review the monthly reports from the Auditing Department;
C. Determine what funds are required for a "project" such as building a new parking lot;
D. Review the lines of credit of the companies banks; and
E. Inform senior management of the feasibility of the parking lot project or any other planned expenditures.
what are the main activities involved in the finance department
To handle the financial affairs of the companyThe Ministry of Finance is responsible for the financial functions and activities of the Board and management of financial policy of the Office.the various function done by finance department is:-Budget preparationBudget administrationCost allocationAccounts payablePayrollFringe benefitsGrants administrationMonitoring service providersTechnical assistance to service providersContract administrationBilling
The main functions of the finance department are to put in place an effective financial cost effective control system including trimming wasteful expenditure, centralized accounting system, and help in boosting production output of the company.
To provide financial services to their customers
to control the bank position financially
what are the main activities involved in the finance department
There is no iPhone company. The iPhone is a product that is produced by Apple Incorporated. The finance department at Apple's function is to loan money to people who wish to buy Apple products.
To handle the financial affairs of the companyThe Ministry of Finance is responsible for the financial functions and activities of the Board and management of financial policy of the Office.the various function done by finance department is:-Budget preparationBudget administrationCost allocationAccounts payablePayrollFringe benefitsGrants administrationMonitoring service providersTechnical assistance to service providersContract administrationBilling
To provide financial services to their customers
The main functions of the finance department are to put in place an effective financial cost effective control system including trimming wasteful expenditure, centralized accounting system, and help in boosting production output of the company.
What are the main functions of the accounts office
To provide financial services to their customers
to control the bank position financially
Functions of finance department are:Book keeping• Obtaining and managing finance•Budget control•Accounts Payable•Accounts receivable•Credit regulations and policies•Bills processing /Claim Processing
The finance department in a manufacturing company is responsible for reviewing and analyzing financial information. This may include funding for the company, profit and loss statements, and employee payroll information.
The functions of the cost department are quite diverse. The main functions include budgeting, bookkeeping, reconciliation of accounts, cost reviews and so much more.
Most of the conflicts which arise between finance and marketing include budget allocations. The marketing department may have a good plan and a budget but the finance department will downplay the idea and allocate less money.