could u tell me what is the function of finance person in a company?

Answer 1

The finance person is responsible for cash flow management, forecasting future sales and comparison to future activities, cost analyses of current activities and contribution to future activities, oversight of accounts receivable, accounts payable, payroll, keeping up-to-date with the company's tax situation, establishing budgets for departments and large projects, investment management, profit/loss statements to stakeholders, warranty accounting. Monitoring and controlling these items as measurables in order to maintain steady and controlled (ha ha) growth of a company, and expressing this information in a way that other members of management can use the information in how they manage and grow their responsibilities.

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.