what is key role of finance manager in the organisation?

Question

"finance manager is the key manager . his duties and responsiblity should not be regulated by company policy"comment on it.

Answer 1

Raising Funds for Organisation
Allocation Of Funds
Profit Planning(Budget)

Answer 2

"Finance" is the oxygen and "Cash" is the blood of any organisation (Body). It runs through everypart of the body (organisation). A finance manager is one who has diegested these sentences and plan his work accordingly.

Therefore, an FM Should take up his duties and responsibilities within the current and future needs of the organisation with respect to its Stability, Run, Prospects, Conversions, and future demands. Invariably, the conditionality referred above are goverened by the Policy of the Organisation.

Eg. A company has a policy not to run more than Three Products in the market at any given point of time (Eg.Godrej company and theirs Toilet Soaps). FM has to plan Inflow and Outflow within this principle. His timing of funds (IN / Out) should bear the above policy in mind.

Therefore his duties and responsibilities are regulated within the company's policy. Lest the policy of company will be going on in one direction and FM will be going in another direction. This will create a grate devoid between the policies and actions, giving rise to CONFLICT. Continuing conflict will damage the identity and growth of the organisation. If the organisation is damaged, FM's role will not be present.

Answer 3

all financial transactions should be routed through finance manager. he has to check theauthencity wheather they are utilised for said purpose or they are being misutilised and that expense what is being made is with in budget and can be made or not according to company rules