CFO Question:
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Tell me what is internal structure of a finance department in medium and large businesses?

Answer:

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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