Accounting Personnel

Q. Write a short note on Finance Officer. (Dec. 01)

Finance is the life blood of business. Procuring financial resources and their judicious utilization are the two important activities of financial management which is a specialized function. The finance manager has to strike a balance between the current needs of the enterprise for cash and the needs of the shareholders for adequate return. The financial management of a large company is usually the responsibility of the finance director who may be in place of or in addition to the controller. Often finance manager and controller are inter-changeable terms and only one of these two positions may be found in a company. The finance manager is also concerned with implementing the financial policy of the board of directors, managing liquidity, preparation of budgets, administration of budgetary control system, managing profitability, etc.