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What are the roles of the Accounting and Finance Department?

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Question added by Emmanuel Wamweta , production supervisor , Tembo Steel Rolling
Date Posted: 2016/07/22
Nadjib RABAHI
by Nadjib RABAHI , Freelancer , My own account

The roles of the Accounting and Finance Department are :

  • The conduct of the company's finances to ensure the regular financing operations and investments necessary to the proposed development,
  • Track all the expenses and revenues in order to avoid financing impasses,
  • Participation in decisions on the volume and structure of assets,
  • Obtaining the necessary resources,
  • Management of planning,
  • Management of planning system,
  • Resource management,
  • Management of information system,
  • Management of cash,
  • The control of information,
  • The exploitation of financial statements,
  • The business risk management,
  • Budget management,
  • The coordination between the different services,

Emmanuel Wamweta
by Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

Ensuring Financial soundness.

Financial planning.

Exerting Financial strength & competitivenes.

Tax assessement

Balancing equity & debt

Ensuring accuracy, completeness & timeliness if financial statements or reports.

Ensuring proper accountability & resoure (money) allocation

Deleted user
by Deleted user

As the primary role of accounting department to prepare financial statements of an entity , other roles for financial accounting, Management accounting, & cost accounting are to assist Management in decision making by provide various information & studies in timely manner.

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