FUNCTIONS OF FINANCIAL CONTROLLER
FUNCTIONS OF FINANCIAL CONTROLLER Provision of capital to establish and execute programs for the provision of capital required by the business Investor relations to establish & maintain adequate market for the companys securities and to maintain adequate liaison with investment bankers, financial analysts & shareholders Short term financing -- to maintain adequate sources for companys current borrowing from commercial banks and other lending institutions Banking & custody to maintain banking arrangement, to receive , have custody of and disburse the companys monies and securities Credit and collections to direct the granting of credit and the collection of accounts due to the company, including the supervision of required, special arrangements for financing sales, such as time payment and leasing plans
Investments to achieve the companys funds required and to establish policies for investment in pension and other similar trusts Insurance to provide insurance coverage as required Planning & control -- to establish, co-ordinate and administer an adequate plan for the control of operations Tax Administration to establish and administer tax policies and procedures Government reporting : to supervise or co-ordinate the preparation of reports to government agencies Protection of Assets : to ensure protection of assets for the business through internal control, internal auditing and proper insurance coverage Economical appraisal : to appraise continuously economic, social forces, and governmental influences and to interpret their effect upon the business
Management of funds: to maintain sufficient funds to meet the financial obligations Measuring of return : to determine required rate of return for investment proposals Cost control : to facilitate cost control and cost reduction by establishment of budgets and standards Price setting : to supply necessary information for setting of prices of products and services of the concern Forecasting of profits : to collect relevant data to make forecast of future profit levels Forecast cash flow : to forecast the sources of cash and its probable payments and to maintain necessary liquidity of concern
