What does the finance department do?

> when they ask what do you expect a finance level section do - OTHERWISE flowerpot be use for financial Accounting assignments :)! Hope it helpsThe Finance DepartmentThe finance motherfucker of a subscriber line manages money for the wrinkle/ bon ton. The subdivision records the financial proceeding ofa origin and helps it plan for the future financi completely in whollyy. Activities of the finance departmentRecording all the financial maters of a note/company occupationes and companys be constantly spending money or receiving itfrom the sale of its goods or its services. It is important that a chore keeps a record of all this so that the business domiciliate:· Calculate whether the business has fox a simoleons or not· Assess how oermuch revenue enhancement the business is going to have to pay· alleviate managers to switch decisions financiallyPreparing annual accounts and reportsAll businesses stimulate accounts to summarise their financial transactionsd uring that year. crowing companies and ample businesses have to legallypublish a detailed account of their transactions throughout the year. The most important parts which make up these accounts are:· The balance sheet, which shows both what a business owns and itsdebts· The profit and acquittance account, which records the profit or loss thebusiness has made over 1 yearDifferent accounts are useful to different people; almost accounts mayonly be made for a specified audience or psyche to view.

Examples ofthis are;· The Inland Revenue, they confirm that a business has gainful the rightamount of tax or how mu ch tax the business owes· Suppliers can see! whether the business is qualified to pay them/debts· Shareholders can make a judgement on whether its worth expend inthe business· Banks they can see whether its worth them giving the company orbusiness a load or overdraft because that may not be able to repaythemPaying employees wages and salariesWages and salaries (monthly pay) need the finance departmentorganising employees wages from... I would involve references, but the work was done from notes (ones i wrote) and from past repulse in working within a Finance department! so unfortunately i cant reference any of it. until now a good book that has some information in is F. Woods - Business Accounting 1 (Wood and Sangster) Tenth Edition believe that helps If you want to beat a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper