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⟩ What is internal structure of a finance department in medium and large businesses?

There is no standard pattern for the organization of finance function. In general, internal structure of finance department can take following form:

★ Board of directors

★ Executive Committee

Vice President(Production)

Vice President(Finance)

-> Financial Controller

★ Accounting and Costing

★ Annual Reporting

★ Internal Auditing

★ Budgeting

★ Statistics and Finance

★ Record Keeping

-> Treasurer

★ Receivables management

★ Taxes and Insurance

★ Cost management

★ Securities

★ Banking Relations

★ Real Estates

★ Dividend Distribution

★ Vice President(Marketing)

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