finance function Flashcards
1
Q
Purpose of the finance function
A
Refers to the jobs that are done by a finance department in a business.
2
Q
why
A
Essential for decision making.
3
Q
Roles of the finance function
A
Calculating sales revenue and production costs
Calculating profit or loss:
Calculating the average rate of return (ARR):
Calculating the
break-even output needed to avoid a loss
Arranging finance
Managing payments and receipts of money
Forecasting cash flow:
4
Q
A
