Role of Finance Department: The role of the Finance Department is to create a unified accounting system. The Finance Department is responsible for the administration of activities that include: the receipt, expenditure, accounting, investment, custody and control of company funds and assets including the budget (both operating and capital); financial accounting, which shall be conducted according to generally accepted accounting principles; investments and insurance; payroll; pension administration; materials management; and all other financial matters that may arise.
The role of the Finance Department is to support the administrative activities of the company in an efficient and effective manner. These activities include accounting, financial reporting, debt management, budgeting, cash management and collections, fixed asset management, utility billing and collections, and administrative policies in all of the above areas.
In fulfilling our mission, the Finance Director and the staff pledge to provide accurate, timely information in an objective, cost-effective manner and provide excellent customer service to all of our customers.
The article "Financial Analytics: The New Role of Finance" can be accessed at the 3rd link.
2007-08-14 19:17:11
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answer #1
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answered by Sandy 7
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