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How does production department and finance department work together give an example?
Corporations all have different approaches regarding the communications between production, finance and the accounting departments.
Generally speaking, should top level management decides to increase production of a particular product, they will consult the production department as to the feasibility of this task. Assuming that production has the necessary assets to follow top management's decision, the production department will inform the finance department and or Accounting department as to the new costs of implementing the increased production.
The finance department can determine if there is cash on hand to carry this out or whether the company's credit line will have to be utilized to provide the funds.
Accounting plays a role as this department can speak about the anticipated accounts receivables.
Once the three departments can reach a consensus on the costs of increased production & how it will be financed, they will report this information to top management for their final decision.
What else can I help you with?
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
What are the function of a finance department?
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 is the function of ptcl finance department?
funtion of finance department include budgeting, auditing, revenue and taxation wings.
Have you received the deposit check in the mail from the finance department?
Yes, I have received the deposit check from the finance department in the mail.
Four departments of a typical business?
Four departments within a business including the accounting department, finance department, production and shipping. All of these departments work together to keep the business going.
How do you write the department correctly?
To write the department correctly, clearly state the name of the department (e.g., Marketing, Finance, Human Resources) followed by "department." For example, "Human Resources Department" or "Finance Department."
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
What are the function of a finance department?
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.
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 is the budget of California Department of Finance?
The budget of California Department of Finance is 60,000,000 dollars.
When was Department of Finance Canada created?
Department of Finance Canada was created on 1867-07-01.
Do you capitalize finance?
No, except at the beginning of a sentence because it is n ot a proper n ou n.
Disperse in a sentence?
Example sentence - The proper forms must be completed in order for the finance department to disperse the funds.
What are the functional areas of jaguar?
JLR has 9 main departments; 1. Production department 2. Technical (IT) department 3. The sales and marketing department 4. The after sales department 5. The logistics department 6. The HR department 7. The R and D (research and development) department 8. The administration department 9. The finance department
