4.3 Finance Function Flashcards
1
Q
What are the 4 tasks of Finance Function
A
recording financial transactions
management accounting
financial reporting
treasury management
2
Q
roles within Recording of Financial Transactions?
A
books of orginal entry
ledger
3
Q
roles within Management accouting?
A
cost accouting budgeting Mn descision making performance measurement capital budgeting and decision making pricing
4
Q
management eccouting reports?
A
internally
5
Q
Roles within financial reporting?
A
Financial assessments
Tax
provinsion of info to external regulators
6
Q
Financial reporting reports?
A
externally
7
Q
Treasury managment roles?
A
cash budgets long term finance decisions managing financial risk raising investment finance management of cash and forgein exchange management of working capital.
