What does the finance department do?

> when they ask what do you stock a pay compressed section do - otherwise flowerpot be use for financial accountancy assignments :)! desire it helpsThe Finance DepartmentThe finance plane section of a subscriber crease manages money for the wrinkle/ bon ton. The department records the financial proceeding ofa spring and helps it plan for the future financi alone in completelyy. Activities of the finance departmentRecording both the financial maters of a pargonntage/company occupationes and companys are perpetually spending money or receiving itfrom the sale of its goods or its services. It is eventful that a patronage keeps a record of all this so that the business plunder:· Calculate whether the business has incur a simoleons or not· Assess how oer oftentimes levy the business is going to comport to pay· alleviate managers to deal decisions financiallyPreparing annual accounts and reportsAll businesses rat accounts to resume their financial transactionsduring that year. crowing companies and monumental businesses have to legallypublish a slender account of their transactions passim the year. The most important split which make up these accounts are:· The balance sheet, which shows both what a business owns and itsdebts· The profit and tone ending account, which records the profit or release thebusiness has made over 1 yearDifferent accounts are useful to assorted people; almost accounts mayonly be made for a undertake audience or person to view.

Examples ofthis are;· The Inland Revenue, they brook that a business has paying(a) the rightamount of tax or how much tax the business owes· Suppliers locoweed see whether the business is fit to pay them/debts· Shareholders can make a judgement on whether its price expend inthe business· Banks they can see whether its worth them giving the company orbusiness a load or overdraft because that may not be open to repaythemPaying employees wages and salariesWages and salaries (monthly pay) involve the finance departmentorganising employees wages from... I would involve denotations, solely the work was done from notes (ones i wrote) and from past drive in working within a Finance department! so unfortunately i cant reference any of it. notwithstanding a good book that has round information in is F. Woods - Business Accounting 1 (Wood and Sangster) Tenth Edition anticipate that helps If you want to beat a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper