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The Finance Department The main functions of the finance department for BT is to record all business transactions, measure the financial performance of the business, hold financial accounts to see how well the business is doing, hold management accounts which the managers use to authorise and make decision etc. Computer Fax Letter Receives Telephone Information Salesperson Purchasing Department Sales Department Finance Department (for departments) Production Department Departments Customers Tax Authority Salesperson Purchasing Department - buys the fibre cables, vans tools etc Finance Department - calculates its profit and loss accounts Sales Department - Calculates revenue from sales of goods/services Production Department - Produces the goods/services for the customers need Financial Accounts - this has all the information and records of financial events and transactions made by BT. They have a record so that they can see where their money is coming in and going out of the business also to prevent fraud. They also use the financial accounts to see where they went wrong and how they can...

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