What is the typical organizational structure of the financial department?
The organizational structure of the financial department is determined by each individual company, to a large extent depending on whether it is a small, medium or large organization. The most typical organizational structure consists of CFO (CFO), vice president, one or more accounting and budget analysts. CFO is not just a boss or person with whom everyone in the financial department, but is also responsible for the overall planning and instructions for implementing the plan in terms of the finance of the company.
CFO reports to the CEO (CEO) of the company. It also cooperates with the leaders of other departments, including human resources, production, sales, marketing, production or any of the other departments that make up the company. CFO will meet the heads of all these departments for planning purposes. Each department has need for jobs and financial departments is in charge of creating, managing and assigning funds from the company's budget to meet all TThese needs.
Another position in the organizational structure of the financial department is the vice -president. This person reports directly to CFO and is more involved in direct cooperation with accountants in the Ministry to implement the plan on which the CFO and other heads of the department worked for the operation of the company.
The next level is the accounting department. The accountants are those who process everyday accounting and accounting operations of the company. This usually includes billing, reconciliation, cutting checks and paying accounts, tracking the company's budget, and then reporting everything back to the vice president.
The lowest partition on the organizational structure is usually a budget analyst. It can participate in the preparation of the company's budget and the amount of budget assigned to each department in the company. However, the primary role of budget analyst is to monitor the budget and analyze areas where the company can be above or under expenditureT to attention the accounting and vice -president of the financial department, so you can improve.