Question

How is the finance function organised

Answer 1

Answer:

Finance, being an important portfolio, the finance functions is entrusted to top management. The Board of Directors, who are at the helm of affairs, normally constitutes a 'Finance Committee' to review and formulate financial policies.

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Answer 2

→ The function of the treasurer of an organization is to raise funds and manage funds.

→ It is the source to run any organization, it provides the money, it acquires the money.

→ The finance function is usually headed by a vice president of finance, or chief financial officer (CFO), who reports to the president.