0
The main job KRA's of Account and Finance dept are as follows: -
· Establishes systems controls for and procedures for financial and accounting systems to achieve corporate objectives.
· Directs installation and maintenance of accounting, timekeeping,payroll,inventory,property and related procedures and controls
· Designs, manages and monitors reporting systems to all departments and to aid management decision in achievement of stated objectives regarding revenue, profitability, and market share.
· Prepares statements and reports of estimated future costs and revenue.
· Directs the maintenance of ledgers, journals, accounts receivable, revenue depreciation, cost, property, operating expenses, insurance etc.
· Oversee bank work regarding documents, inward/outward remittances etc.
· Directs and participates in cost analysis and rate studies. This includes scrutiny of inventory of investory costs, charges from banks/agencies/service providers, cash vouchers, supplier bills, utility bills (Phone/electrical/mcd etc.) etc.
· Negotiates contract/service/loan/credit terms with outside financial agencies such as banks, financial/trade institutions, ECGC, insurance companies etc.
· Directs internal audits involving review of accounting and administrative controls. Coordinates preparation for external audits and external financial reporting.
· Direct the preparation and filing of returns for sales tax, Income tax, Excise and other forms of taxes and charges. Also directs and monitors issuance of forms to suppliers/employees such as H-form, st-49, C-form, Form-16 etc.
· Review any contracts before they are signed
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What would be the Key Result Areas for Administrative Assistant?
office maintenance
What are the key areas in accounts receivables?
Identify and explain the key areas of accounts receivable management.
Which functional areas are related to payroll?
The payroll department is a key feature of a company's internal expense functions. As such the payroll department must interact with several areas: A. The accounting department will need to explain certain payroll practices. Such as making sure the company's budget for payroll is within the budget guidelines; B. If the payroll department is part of human resources, then accurate payroll records will help any disputed pay problems for employees; and C. The payroll department has government regulated payroll deductions. Internal auditing will need to ensure that the proper deductions are being made.
How do you change the sales tax amount on a Royal Alpha 9170?
using the MA key switch to PRG. for the first tax rate do the following. enter number 1, enter PO key,enter tax rate (for example for 8.5% 85000),enter number 1,enter single 0 twice,enter the department number you want to assign to that tax rate,enter single 0 4 times,enter number 1,enter void key, enter AMT TOTAL key. switch the MA key to REG and make sales
Where can one finance an accounting outsource?
Finance and accounting outsourcing is a growing trend among middle market and high-growth companies, providing a cost-effective way for organizations to improve the finance and accounting function. The key benefits of outsourcing include fractional use of finance and accounting professionals, enhanced processes and technologies, and stronger compliance measures. Outsourcing enables organizations to scale resources up and down as needed with no obligation to pay salaries or benefit costs. Additionally, it alleviates the burden of hiring, training and maintaining accounting staff. Organizations can take advantage of advanced technology platforms to gain real-time visibility into their businesses. Fin-eX offers outsourcing solutions to various accounting firms, accountants in practice and businesses. Our clientele includes five of the top 50 Accountancy firms *. We are the go-to outsource for many general practices that are looking to grow with less hassle. Fin-eX is also one of the few GDPR compliant accounting outsourcing firms.
What are the Key Result Areas of supply chain department?
To satisfy the consumer needs.
What are the key result areas for secretaries?
[object Object]
What is key result area of dispatch officer?
KRA for Dispach department
What are key result areas for sales manager?
Areas for grading your performance as a sales personnel.
What are the key result areas of Human Resources Management?
performance management
What would be the Key Result Areas for Administrative Assistant?
office maintenance
What are the funtional areas for Marks and Spencers?
The key functional areas in Marks and Spencer's are: Human resources Finance Distribution Purchasing Customer service Purchasing and sales
What are the key result areas?
monitoring all deliveries daily scheduling of deliveries and pullout
What are drucker's key result areas?
Peter Drucker's "Key Results Areas" (KRAs):Customer SatisfactionInnovationInternal ProductivityResources (Human & Financial)Employee Attitude & PerformanceManagement Development & PerformanceSocial Responsibility
What are the key Result Areas of the manager of a general hospital?
OR,ER, admession office , quality center
What is the Key responsible area of an underwriter?
KRA (Key Responsibility Area/Key Results Area):"Key Result Areas" or KRAs refer to general areas of outcomes or outputs for which the department's role is responsible. A typical role targets three to five KRA.Value of KRAs:Identifying KRAs helps individuals: · Clarify their roles · Align their roles to the organisation's business or strategic plan · Focus on results rather than activities · Communicate their role's purposes to others · Set goals and objectives · Prioritize their activities, and therefore improve their time/work management · Make value-added decisionsDescription of KRAs:Key result areas (KRAs) capture about 80% of the department's work role. The remainder of the role is usually devoted to areas of shared responsibility (e.g., helping team members, participating in activities for the good of the organisation).
What is a key result?
Key Result areaIn this phrase key means a vital, crucial element. Key Result Area refers to general areas of outputs or outcomes for which the departments role is responsible.in simple terms may be defined as primary responsibility of an individual ,the core area which each person is accountable
