May 30, 2011

Functions of the Financial Manager

The important role of financial manager in modern business is as follows:
 
1.Provision Capital: How to create and implement programs for Provision of capital required by the Company.
2.Investor relations: the creation and maintenance of a sufficient market for company with the Securities and maintaining a sufficient connection with the investment Bankers, analysts and shareholders.
3.Short long-term financing: To the appropriate sources for the company current loans from commercial banks and other lending institutions.
4.Banking and storage: agreement with the bank, consider a given depots.

5. Credit and collections: the direct lending and collection accounts for the company, including oversight of the necessary sales financing arrangements, such as the payment of time and Leasing plans.

6. Investment: To raise money from the company as needed and get create and coordinate measures for investments in pension and other similar trust funds.
7.Insurance: Providing insurance protection as needed.
8. Planning Control: Develop, coordinate and manage an appropriate plan for monitoring the measures.
9.Reporting and Interpretation: To compare the information with business plans and standards and to report and interpret the results of operations for all Levels of management and owners of the company.

10. Evaluation and Consulting: For all segments management is responsible for policy or action on any stage
Operation of the company in achieving the objectives and effectiveness of policies, organizational structure and procedures.
11. Tax Administration: the administration of tax policy and procedures.

12. Government Reporting: monitor or coordinate the preparation of the reports from government agencies.

13. Asset Protection: Protect company assets through internal controls, internal audit and the appropriate insurance Cover.

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