Provide a substantial response of 100 words or more for the following topic question: What are the main responsibilities of the financial staff in a typical company? Indicate the main areas of finance. Who generates the Financial Statements.

Provide a substantial response of 100 words or more for the following topic question:

What are the main responsibilities of the financial staff in a typical company? Indicate the main areas of finance. Who generates the Financial Statements.

 

 

answer:

The financial staff of the company plays an important role in companys goals policies financial success. Their main responsibilities include:

A. Financial analysis and planning: Determiming the proper amount of funds to be employed in the firm.

B. Investment decisions: Efficient allocation of funds to specific assets.

C. Financial and capital structure decisions: Raising of funds on favourable terms as possible, i.e. determining the composition of liabilities.

D. Management of resources ( such as working capital,)

E. Risk Management: protecting assets.

Financial team is responsible for shaping the fortunes of enterprise and is involved in most vital decision of allocation of capital like mergers, acquisition.etc.

The following are main areas of finance

1.Investment decision

2. Dividend decision

3. Cash Management

4. Evaluating Financial performance

5. Keeping track of stock exchange functions and behaviour of stock prices.

6. Foreign exchange management

7.Portfolio management

8. Procurement of finances.

It is finacial department who generate a variety of financial statements such as Balance sheet, Income statement, Cash flow statement etc.

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