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What is the role of finance in accounting?
the departments work
What is the function of cash department in a bank?
cash department role in bank
Role of accounting department?
The role of the accounting department is very important because they document the money that goes out and the money that goes in. They also handle payroll and tax deductions.
Role of cost accountant in a manufacturing company?
Kindly furnish me with the roles of a cost accountant in any manufacturing company
The company manufactures and sells products by phones and the salary of supervisor in take order and arrange shipping department a period cost or product cost?
Salary of supervisor is a period cost because supervisor has not play any role in direct making of unit of product which is a must criteria for any cost to be a product cost.
Whats the role of finance department in a company?
The role of the finance department in a company depends a lot on the size of the company. At the very least, the finance department will take care of the day to day transactions of the company through basic bookkeeping. In larger companies, the finance department may assist department managers in making strategic decisions and prepare forecasts for calculating ongoing cash needs.
Role of finance department in a company?
Functions of finance department are:Book keeping• Obtaining and managing finance•Budget control•Accounts Payable•Accounts receivable•Credit regulations and policies•Bills processing /Claim Processing
Role in finance manager managing in effective financial management in export oriented company?
what is the Role of Compay Finance Manager?
What is the role of finance committee?
The role of the finance committee is the overseeing and the function of fund generation and mentainance of a company. They regulat and they audit the whole finances of the organization or company from the personnel salary to the total gross income of the company.
What is the role of finance department in pharmaceutical company?
Finance Departments, which play a vitally important role in the growth of all establishments as well as the achievement of business goals, is generally consists of the divisions of Collection and Client Credit, Payments, Accounting, Production Costs, Financial Process Development, Reporting and Budgeting.
What are the role of budget controller in finance department?
In many cases, the role of a budget controller in a finance department has to ensure that funds allocated for certain parts of the company are spent properly and according to the specifications that are attached to spending. It is extremely important that any overages in spending be properly authorized. The controller works closely with the accounting department and the auditing department to make sure all spending is under control. In banks, the "books" must be balanced each day before closing.
Relationship between the human resources department to finance?
There is a direct relationship between the human resources and finance departments. Finances are used to run the human resource which is tasked with the role of ensuring that more revenue is generated into the company which makes the two departments interdependent.
What is the finance committee?
The role of the finance committee is the overseeing and the function of fund generation and mentainance of a company. They regulat and they audit the whole finances of the organization or company from the personnel salary to the total gross income of the company.
What is the committee of finance?
The role of the finance committee is the overseeing and the function of fund generation and mentainance of a company. They regulat and they audit the whole finances of the organization or company from the personnel salary to the total gross income of the company.
What is role of manager in financial company?
firstly the main role of manager to fully know about the today's finance and they have a lot of knowledge about the financial things........and also know about the in which way they can handle finance.......
How does production department and finance department work together give an example?
Corporations all have different approaches regarding the communications between production, finance and the accounting departments. Generally speaking, should top level management decides to increase production of a particular product, they will consult the production department as to the feasibility of this task. Assuming that production has the necessary assets to follow top management's decision, the production department will inform the finance department and or Accounting department as to the new costs of implementing the increased production. The finance department can determine if there is cash on hand to carry this out or whether the company's credit line will have to be utilized to provide the funds. Accounting plays a role as this department can speak about the anticipated accounts receivables. Once the three departments can reach a consensus on the costs of increased production & how it will be financed, they will report this information to top management for their final decision.
What is the importance of finance department in an organization?
Finance department plays significance role in any organisation whether it is profit making organisation or non-profit making organization. The work of finance department is to use the organisation resources in the efficient and effective way otherwise wastage can be dangerous. Actually finance department look for sources of fund and its best utilization, it allots the fund to different department like marketing, production, and R&D depending upon their need and requirement. Excess allotment of fund to any department can cause wastage. Beside that it also look whether the fund is utilizing in the best possible way or not for getting result for the organisation.
