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Nokia Finance department Finance department The finance department is responsible for razing the money so that the business can survive or expand. It can do this by a judicious mixture of borrowing, going to the shareholders, reducing costs and managing to increase process marginally. Sources of finance * Tax refunds * Bank * Mortgage * Private loans * Credit cards * Shares * Grants * Overdrafts * Personal investments * Borrowing * Savings * Windfalls The department must record all financial transactions, it must be involved in costing and advise on pricing, and it prepares and arranges for the payment of wages and salaries. It must provide continuous prepare the final accounts for the year which will be audited and presents to the shareholders' meeting. The finance department employs a number of experts. These are accountants, but they are not all the same. There is a variety of speclities which accountants cover. We have already mentioned the role of the finance department in providing management with continuous...

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