Income Tax Expert Question:
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Explain what are the main duties and responsibilities of a finance executive?
Answer:
Recurring Duties:
☛ Deciding the financial needs
☛ Raising the funds required
☛ Allocation of funds
☛ 1. Fixed assets management
☛ 2. Working capital management
☛ Allocation of Income
☛ Control of Funds
☛ Evaluation of Performance
☛ Corporate Taxation
Other duties: To prepare annual accounts, carrying out internal audit, safeguarding securities, present financial reports to top management. Etc.
Non recurring Duties:
☛ Preparation of financial plan at the time of company promotion
☛ Financial adjustments in times of liquidity crisis
☛ Valuation of the firm at the time of acquisition and merger etc.
☛ Deciding the financial needs
☛ Raising the funds required
☛ Allocation of funds
☛ 1. Fixed assets management
☛ 2. Working capital management
☛ Allocation of Income
☛ Control of Funds
☛ Evaluation of Performance
☛ Corporate Taxation
Other duties: To prepare annual accounts, carrying out internal audit, safeguarding securities, present financial reports to top management. Etc.
Non recurring Duties:
☛ Preparation of financial plan at the time of company promotion
☛ Financial adjustments in times of liquidity crisis
☛ Valuation of the firm at the time of acquisition and merger etc.
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