Sunday, 24 February 2008

Role and Importance of Finance Department

Why is Finance important?

• ensure that there are adequate funds available to acquire the resources needed to help the
organisation achieve its objectives;

• ensure costs are controlled;

• ensure adequate cash flow;
• establish and control profitability levels.

One of the major roles of the finance department is to identify appropriate financial information prior to communicating this information to managers and decision-makers, in order that they may make informed judgements and decisions.

Finance also prepares financial documents and final accounts for managers to use and for reporting purposes (AGM etc)

9 comments:

jaguar said...

Thanks...this is really very good information.

Ewayemisi said...

Thank you so much for this is a great Training......appreciated
Thanks!

ah joo said...

very comprehensive!

lotoya said...

thanks a lot, because of this information my s.b.a.is more understanding to me...

porta said...

Great blog nice n useful information , it is very helpful for me , I realy appreciate thanks for sharing. I would like to read more information thanks.


15c2-11

steave adson said...

Hey Friends how are you I am share with you some business grow up tips hope you like it. The main deterrent to starting a small business for most people is money. Even if they have a nest egg set aside and can afford the start up costs, they know that their new business isn't going to bring in any appreciable amount of money for a while and don't know how they're going to pay their bills in the meantime.Getting a small business loan is an option for some, but small business loans are often earmarked for specific uses. (The Canada Small Business Financing Program is one such program that offers small business loans with restrictions on what can be done with the money.)While you may be able to get a small business loan for purchasing property or equipment for your new business, getting a small business loan to cover your living expenses may well be impossible. (See 10 Things You Need to Know About Small Business Funding for more about business start up funding.) Starting your new business part-time solves this problem neatly. You're still able to pay your bills and can afford to bankroll your new business because you've got money coming in.
North and Loans

mangie johnson said...

Can you just add more info. for us?thanks v/much ..

mangie johnson said...

Can you just add more info. for us?thanks v/much ..

Natalia Mishankova said...

ThANKS A LOT ) VERY HELPFUL