What is the role of finance department in a company?

The finance department of a company is responsible for managing the financial resources of the company, ensuring its financial stability and growth. They maintain and prepare financial records, manage cash flow, and make financial decisions that affect the company's profitability. They also handle financial planning and forecasting, including budgeting and cash flow projections. The finance department works closely with other departments in the organization, such as marketing, operations, and human resources, to ensure that the company's financial goals are aligned with its overall strategy. They also interact with external stakeholders, such as investors and regulatory bodies, to provide financial reports and ensure compliance with financial regulations.

This mind map was published on 24 April 2023 and has been viewed 65 times.