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What Functions are carried out by the Finance Department?
Member rating: No Rating | Words: | Submitted: Mon Mar 29 2004
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Finance What Functions are carried out by the Finance Department? The function of finance is to keep all-financial records of all money going in and coming out of the business. Pitney Bowes has to publish their accounts telling how much they spent and how much profit they have made. Each month the accounts department will receive a bank statement of transactions that have taken place for that month. This is a statement that forms the bases for the accounts department to check and publish accounts monthly. thes accounts are drawn up from the bank statement showing each transaction going in and out of the company. This is known as 'FINANCIAL CONTROL' and this means at every moment answers can be given regarding the financial status of the company. It is also the law that they give publish accounts like VAT Benefits TAX and Pension. Finance also decides the budget for each...
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