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Finance Department Functions

The document outlines various finance and accounting tasks including: 1) Recording accounting operations and financial data to obtain current and historical business information for planning and decision making. 2) Registering accounting operations and financial data which involves planning, analyzing, and evaluating recorded information to establish future objectives and ensure growth. 3) Searching for funding sources and selecting the most suitable option for the business needs, as there are different financing options to consider.

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623 views8 pages

Finance Department Functions

The document outlines various finance and accounting tasks including: 1) Recording accounting operations and financial data to obtain current and historical business information for planning and decision making. 2) Registering accounting operations and financial data which involves planning, analyzing, and evaluating recorded information to establish future objectives and ensure growth. 3) Searching for funding sources and selecting the most suitable option for the business needs, as there are different financing options to consider.

Uploaded by

Erasmus Plus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FINANCE AND

ACCOUNTING
TASKS

MARIONA BATISTE
ANNA ESTIVILL
HÉCTOR GARCÍA
JOAN GORGUES
IVAN QUEROL
CLARA SERRA
TASKS

-Record accounting operations and financial

data.

-Register accounting operations and financial

data.

- Search funding sources and select the most

suitable for entrepreneurship

-Search investment options that the business

can count on.

-Control executed opeartaions.

-Market Knowledge.
RECORD ACCOUNTING
OPERATIONS AND FINANCIAL
DATA
In order to obtain the current and historical business

information, to plan and make the appropriate decisions.

This function is as important as the following ones since

what is not registered, is not managed.


REGISTER ACCOUNTING
OPERATIONS AND FINANCIAL
DATA.
Plan, analyze and evaluate the recorded information. For this,

it is necessary to know in depth the business situation through

budget preparation, indicators and cost analysis. From a

correct planning, you can establish future objectives,

payment strategy, collections and investments looking for

growth and greater profitability of the business, foreseeing

deviations and anticipating unfavorable situations.


SEARCH FUNDING SOURCES AND
SELECT THE MOST SUITABLE FOR
ENTREPRENEURSHIP
Search funding sources and select the most suitable for

entrepreneurship. There are different financing options and

each company should analyze which one best suits their

needs.
SEARCH INVESTMENT OPTIONS
THAT THE BUSINESS CAN COUNT
ON
Look for investment options that the business can count on,

and select the one whose profitability is commensurate with

the financial capacity achieved. Among the options, there

are several alternatives such as the acquisition of assets, new

machinery.
CONTROL EXECUTED OPERATIONS
This includes reviewing and approving all invoices to be paid,

as well as reviewing accounts receivable aging reports. In

smaller companies, the controller will often handle collections

on invoices, especially ones that are 45 days to 60 days

overdue. A financial controller is also responsible for

coordinating with external tax accountants for income tax

preparation and auditors who prepare internal audits of the

company.
MARKET KNOWLEDGE
Understanding the market context in which a business

operates. Competence in market knowledge is usually a

requirement of the leadership competencies of strategic

orientation, commercial orientation and customer impact.

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