![]() ![]() She performs all the duties mentioned in the article, but of course from our standpoint as employees her most important role is payroll.I remember when I first started working for the company and I identified her to a coworker as payroll.No matter how small or big a company is, an accounting department will become necessary. I work for a small business, so a lot of this functional organizational structure gets flattened out there’s less of a hierarchy.For example, the CFO in our company is the boss’s wife. Sometimes you need a team of analysts working together, I would think, depending on the size of the organization. They don’t always fit the neat model described in the article.I think that the article’s description would tend to describe large corporations more than it would small businesses, but there can be overlapping of duties with people who hold various positions.I do believe that the analyst, budgetary or otherwise, is the most generic of jobs and can be called upon to fill a variety of roles that the CFO or other accountants would need. Regardless of titles, different companies have different types of organizational structures. ![]() The next position in the organizational structure of a finance department is the vice - You bring up an important point. Each department has needs for conducting their jobs and the finance department is in charge of creating, managing and allocating funds from the company budget to meet all of these needs. The CFO meets with the heads of all of these departments for planning purposes. He or she also works with the heads of other departments, including, manufacturing, sales, marketing, production or any of the other departments that comprise the company. The CFO is not only the boss or the person that everyone in the finance department reports to, but he or she is also responsible for the overall planning and guidance for implementing the plan when it comes to the finances of the company.The CFO reports to the chief executive officer of the company. The most typical organizational structure consists of a, a vice president, one or more accountants and a analyst.The chief financial officer, or CFO, is the head of the finance department, which also means that this person is at the top of the organizational structure. ![]() The of a finance department is determined by each individual company, largely depending on whether it is a small, medium or large sized organization. ![]()
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March 2023
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