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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.
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
Hierarchy of finance department
what are the main activities involved in the finance department
In a company, finance works with marketing, sales, manufacturing, logistics and accounting. Finance touches every aspect and department of the business. Anything that generates a cost will have a financial impact.
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.
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.
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 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
Hierarchy of finance department
what are the main activities involved in the finance department
I really don't think this is a fair question to either department. Booth are equally important in their duties to a company. Finance supplies a budget necessary for the marketing team while the marketing team applies ideas and practices that bring in more revenue for the financial department to sort out. Loose one, you loose the other and a business fails.
Department of Finance - Ireland - was created in 1919.
Department of Finance - Philippines - was created in 1897.
In a company, finance works with marketing, sales, manufacturing, logistics and accounting. Finance touches every aspect and department of the business. Anything that generates a cost will have a financial impact.
Accounting and finance play an important role in the management of any business. Businesses are operated on money, so it is very important to control money in order to have a hold on the business. An accountant of a company helps to manage income and expenses and also the flow of money and thereby direct the course of your business. :D