Basic Financial Management Question:
Explain the main duties and responsibilities of a finance executive?
Answer:
Recurring Duties:
- Deciding the financial needs
- Raising the funds required
- Allocation of funds
•Fixed assets management
•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
•Fixed assets management
•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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