What Does a Department of Finance Do?

The Finance Department refers to the department that manages the purchase (investment) of assets, the financing (financing) of capital, the cash flow (working capital) in operation, and the distribution of profits under certain overall objectives of the institution.

Finance Department

The Finance Department refers to the department that manages the purchase (investment) of assets, the financing (financing) of capital, the cash flow (working capital) in operation, and the distribution of profits under certain overall objectives of the institution.

Financial Management Department (Financial Management Department), a functional department set up by enterprises and institutions, is responsible for the financial management of this institution.

Chinese name

Finance Department

Foreign name

Financial Management Department

Pinyin

cái wù bù

Brief introduction

Responsible for the agency

meets the

Generally by

1,

1. Financing management

2. Investment management

3.

The basic responsibilities of the company's finance department (in summary: reflection, supervision, and taxation) are:

1. Draft the company's annual business plan; organize the preparation of the company's annual financial budget; implement, supervise, check, summarize the implementation of the business plan and budget, and propose adjustments.

2. Implement the country's financial accounting policies, tax policies and regulations; formulate and implement company accounting policies, tax policies and management policies.

3. Integrate the company's business system resources, give full play to the company's comprehensive advantages, and maximize the company's overall benefits.

4. The company's accounting and accounting supervision work; the company's accounting file management and contract (agreement), marketable securities, collateral (pledge) legal evidence storage.

5. Prepare the financial analysis report of the company's operation and management status.

6. Responsible for the company's equity management, and implement the daily management, financial supervision and dividend collection of wholly-owned subsidiaries, holding companies, largest shareholder companies, and joint-stock companies.

7. Organize the implementation of the economic responsibility system, issue accounting and assessment indicators for each center, and organize business assessments and evaluations.

8. Comprehensive statistics and analysis of the company's debt and cash flow and various business conditions.

9. Research the company's financing risk and capital structure, carry out financing cost accounting, propose financing plans and programs, and prevent financing risks.

10. Responsible for the inventory check of the company's inventory and low-value consumables. In conjunction with the company's comprehensive department, technology department, procurement department, warehouse and other relevant departments, it will do a good job of inventory and inventory work, and put forward daily recommendations, requirements for work such as procurement, acquisition and storage.

11. Other tasks authorized or assigned by the company's general manager. ^[1]