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⟩ Tell me 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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