Finance Departments, which play a vitally important role in the growth of all establishments as well as the achievement of business goals, is generally consists of the divisions of Collection and Client Credit, Payments, Accounting, Production Costs, Financial Process Development, Reporting and Budgeting.
The role of the finance department in a company depends a lot on the size of the company. At the very least, the finance department will take care of the day to day transactions of the company through basic bookkeeping. In larger companies, the finance department may assist department managers in making strategic decisions and prepare forecasts for calculating ongoing cash needs.
To see to it that the money that is owed is received.
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
IS = information systems it's role varies company to company
what is the Role of Compay Finance Manager?
The role of the finance committee is the overseeing and the function of fund generation and mentainance of a company. They regulat and they audit the whole finances of the organization or company from the personnel salary to the total gross income of the company.
In many cases, the role of a budget controller in a finance department has to ensure that funds allocated for certain parts of the company are spent properly and according to the specifications that are attached to spending. It is extremely important that any overages in spending be properly authorized. The controller works closely with the accounting department and the auditing department to make sure all spending is under control. In banks, the "books" must be balanced each day before closing.
There is a direct relationship between the human resources and finance departments. Finances are used to run the human resource which is tasked with the role of ensuring that more revenue is generated into the company which makes the two departments interdependent.
role of quality control in pharmaceutical manufacturing
The role of the finance committee is the overseeing and the function of fund generation and mentainance of a company. They regulat and they audit the whole finances of the organization or company from the personnel salary to the total gross income of the company.
The role of the finance committee is the overseeing and the function of fund generation and mentainance of a company. They regulat and they audit the whole finances of the organization or company from the personnel salary to the total gross income of the company.
firstly the main role of manager to fully know about the today's finance and they have a lot of knowledge about the financial things........and also know about the in which way they can handle finance.......