2007-01-04 12:15:47 · 3 answers · asked by **LIBERTY** 1 in Business & Finance ➔ Corporations
The primary responsibilities of any financial staff is the same no matter if it is corporate or a single family owned business...
The 3 things that the staff would study would be such things as:
1. supply and demand which includes the inventory
2. profit margins meaning the amount you make minus all the costs to be figured in...
3. The only other thing that they do is to project income to be made, which is the forcast of all things to the bottom line and
then report on thier findings and give data for changes to made...
2007-01-04 12:33:20 · answer #1 · answered by Anonymous · 1⤊ 0⤋
They'll need to ensure that any projects undertaken by the company offer a positive return to the company, considering the companies discount rate, opportunity costs, and financial horizon, all of which they will need to figure out.
They'll need to make sure cash flows are able to be met and are expected to be recieved.
2007-01-04 12:31:22 · answer #2 · answered by Dethruhate 5 · 0⤊ 0⤋
Keep all the finacial transactions legal.
2007-01-04 12:19:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋