What are the main duties and responsibilities of a finance executive?

Answer 1

Recurring Duties:

• Deciding the financial needs

• Raising the funds required

• Allocation of funds

• Fixed assets management

• Working capital management

• Allocation of Income

• Control of Funds

• Evaluation of Performance

• Corporate Taxation

• Other duties : to prepare annual accounts, carrying out internal audit, safeguarding securities, present financial reports to top management. Etc.

Non recurring Duties :

• Preparation of financial plan at the time of company promotion

• Financial adjustments in times of liquidity crisis

• Valuation of the firm at the time of acquisition and merger etc.