Routine functions - finance function, Finance Basics

Routine functions - Finance Function

For the effective execution of the managerial finance functions, schedule functions have to be performed.  These decisions relate systems and procedures and involve a lot of paper work and time.  In main cases these decisions are delegated to junior staff in the association.  Some of the significant routine functions are as:

a) Supervision of cash payments and receipts

b) Safeguarding of cash balance

c) Safeguarding and Custody of important documents

d) Record maintaining and reporting

The finance manager will be included along with the managerial functions although the routine functions will be carried out through junior staff in the firm.  However he must, supervise the activities of these junior staff.

Posted Date: 1/29/2013 12:56:13 AM | Location : United States







Related Discussions:- Routine functions - finance function, Assignment Help, Ask Question on Routine functions - finance function, Get Answer, Expert's Help, Routine functions - finance function Discussions

Write discussion on Routine functions - finance function
Your posts are moderated
Related Questions
Cost of capital: The cost of capital is a term related to the field of financial investment to refer to the cost of a company's funds (both equity and debt), from an investor'

In mergers, acquisitions, or other relationships between hospitals and physician groups, what are the benefits to each party from entering into an arrangement with the other? What

Question 1: a) Explain the framework put forward by the Basel Committee to ensure that banks and supervisors give appropriate attention to the second (supervisory review) and

Determine the amount you would be willing to pay for a $1,000 par value bond paying $80 interest each year (annual) and maturing in 12 years, assuming you wanted to earn a 9% rate

Percentage of Sales Method A) Express the various balance sheet items varying along with sales as percentage of sales as assume for year 2002 stock and net fixed assets amoun

Question   Clifton-Peters Ltd is a manufacturer of household goods located in Melbourne. They presently make and wholesale fruit juicers, blenders and baking equipment. The Gen

Standard ratio analysis should be used to supplement the discussion of strength and weakness. The following ratios are most often used by practitioners: (a) Growth Rates: PEG R

Credit Standards A firm may follow a stringent or a lenient credit policy. The firm subsequent of a lenient credit policy tends to sell on credit to customers on extremely lib

Suggestion Regarding Credit Limit. Should It Be Approved Or Not, W, Finance

Limitations of Credit Cards - Source of Finance Limitations of Credit Cards as a Source of Finance are as follow: i) These cards lead to overspending on the part of the hol