I am not sure how to do this.?

Question

What are the primary responsibilities of a corporate financial staff?

Answer 1

Corporate financial staff have a variety of responsibilities.

First they have the responsibility to prepare the company financial statements along with any management reports which also may be required.

The also have a responsibility to process all of the various transactions throughout the course of business such as paying the bills, expense reimbursements, asset purchases, inventory purchases, rent and taxes, etc.

The financial staff have a responsibility to the corporate owners and stakeholders to ensure that the information they provide is accurate and complete and according to any policies and procedures set down by governing bodies or the corporation themselves.

In most organizations they also play a vital role in working with the rest of the management team to ensure that the financial implications of decisions are being considered which often involves pro forma analysis, forecasts and budgets.

It is an exciting career that can keep you challenged for many years.

Answer 2

The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, and risk and insurance manager. Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by regulatory authorities. Often, controllers oversee the accounting, audit, and budget departments. Treasurers and finance officers direct the organization’s financial goals, objectives, and budgets. They oversee the investment of funds, manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm’s expansion, and deal with mergers and acquisitions. Credit managers oversee the firm’s issuance of credit, establishing credit-rating criteria, determining credit ceilings, and monitoring the collections of past-due accounts. Managers specializing in international finance develop financial and accounting systems for the banking transactions of multinational organizations.

(Continue reading at the link for roles of other finance staff and other topics relating to finance staff like working conditions, etc)