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Explain the internal structure of a finance department in medium and large businesses?

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Explain the internal structure of a finance department in medium and large businesses?
posted Oct 4, 2017 by Vijay

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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

answer Oct 5, 2017 by Sagar Sharma
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