Every company has its finances at the center of its operations. In short, any business must have money to function. Finance is tasked with overseeing the money to ensure the company’s success. So, what exactly are finance’s main objectives?
What Is the Function of Finance?
Jamie Johnson, CEO of FJP Investment, explains it clearly “managing money inside an organization is the responsibility of the finance department of an organization. Cash flow is monitored in and out of the organization; financial reports are generated, as well as financial strategies are developed for the business’ performance.”
Specialized finance teams with several job titles and management levels are common in large businesses. In smaller businesses, you may discover that the firm owner oversees finances or is outsourcing that function.
The Primary Objective of Finance
Any finance team has two main purposes. Firstly, reliable records of money transfers inside the firm must be kept … Read more