⟩ Do you know 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)
