Functions

• The identification of financial needs: addressing needs, description of existing resources, foresight and released resource calculation of the external financing needs.

• The achievement of financing according to its most beneficial: taking into account costs, deadlines and other contractual conditions, fiscal conditions and the company’s financial structure.

• The judicious application of financial resources including cash surpluses: a way to get a balanced financial structure and adequate levels of efficiency and profitability.

• The financial analysis: including good harvest, though the study of information so as to obtain definite answers on the company’s financial situation.

• The analysis on the economic and financial viability of investments.

Organization

The shape of the structure of a company has to do with their size. If the company is large, the importance of the financial issue is decisive, then it is contained in the organizational function of a financial manager or administrative / financial manager. The financial manager is a person who makes decisions on financial management set out in the strategy, from the vision and mission of the company. This is your role as manager and strategist.

Management or leadership in this area depend on the Treasury, where funds are kept in power in the company (before they are applied as payment or deposit). Treasury area depends Collections, producing all income.

There is also the area of payment or accounts payable, which is responsible for receiving the required documentation to make a payment, verify that appropriate and require the appropriate permits.

Also there is usually an area of financial budget or budgetary control, which is the sector that makes financial management in a management strategy. Here is where he discusses the company’s financial position and better options arise requiring the funds or invest.

http://opuscs.com/images/financial.jpg

Distinction between economic and financial

The economic concept is related to the results, gains and losses, costs.

Financially is all related to the particular movement of funds, revenue (sources) or outflows (applications).

Financial Planning

Sound financial management does not evaluate or only if you have no money now: it comes to planning, to provide good governance for the future and the likely lack or excess of money (deficit or surplus).

The primary tool for financial planning is the financial budget, which is part of a larger system called the budgetary system. Within the budgeting system, the financial budget deficits likely to anticipate, develop strategies to meet them, and simultaneously analyzed the possible investment decisions to be made in the case of surplus.

Banking

Banks carry out various operations are those that characterize his administration. To pursue them is necessary to complete various forms.

Bank reconciliation

Is the analysis of the current account information. We compare the company’s accounting information, and analyzes the differences, making appropriate adjustments.
Contribute a better translation