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Q: Why is the finance department of a company important?
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Whats the role of finance department in a company?

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.


Functions of finance department in manufacturing?

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.


What are the main functions of a finance department in iPhone company?

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.


What is the role of collections department in finance company?

To see to it that the money that is owed is received.


Role of finance department in a company?

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


What is the Hierarchy of finance department in dhl group?

Hierarchy of finance department


What are the activities of the finance department?

what are the main activities involved in the finance department


Which function is more important - marketing hr or finance?

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.


When was Department of Finance - Ireland - created?

Department of Finance - Ireland - was created in 1919.


When was Department of Finance - Philippines - created?

Department of Finance - Philippines - was created in 1897.


What departments does finance work with?

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.


Why is the finance and accounting department important to a business?

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