This department is of utmost importance as it is responsible for financial planning, thus ensuring that adequate funds are available for achieving the objectives of the organization. Moreover, it is the finance department which makes sure that the prices are controlled, besides looking after the cash flow and controlling profitability levels. One of the most important jobs of the finance department of a company is to identify the necessary financial information (like return on assets, return on capital employed or the net profitability which reveal the outcome of efforts made by the company and its employees) which should be revealed to managers so that they can make informed decisions and judgments. The department is also responsible for making financial documents and preparing the final accounts so that they can be presented in the annual general meetings of the company.
Finance Department in a Company
- Thread starter marlo123
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GilberGeorge
Gilbert George
Hi,
As per my suggestion, Finance department plays are very vital role in very business organisation. It helps in increasing the efficiency and reducing the cost. It helps in proving the accurate and timely information to both the management and clients.
Thank you once again...
As per my suggestion, Finance department plays are very vital role in very business organisation. It helps in increasing the efficiency and reducing the cost. It helps in proving the accurate and timely information to both the management and clients.
Thank you once again...