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Roles and Responsibilities of Finance Controller : Report

   

Added on  2020-01-07

16 Pages4305 Words201 Views
BUSINESSRESOURCES

TABLE OF CONTENTSINTRODUCTION......................................................................................................................3P1 Describe recruitment documentation in the recruitment process of new staff..................3P2/ Employability, personnel and communication skills for finance manager......................4P3 Describe the main physical and technological resources in Blue Inc...............................6M1 Howthe main physical and technological resources in Blue Inc can improve theperformance............................................................................................................................8M2 importance of Employability, personnel and communication skills for finance manager................................................................................................................................................8D1 How managing and controlling budget costs can improve performance.........................9TASK 2......................................................................................................................................9P5 Trading and profit and loss account..................................................................................9P6 calculate contribution and the breakeven point..............................................................11P7..........................................................................................................................................13CONCLUSION........................................................................................................................14REFERENCES.........................................................................................................................15

INTRODUCTIONBusiness resources are the assets of the company which is acquired by the business toeffectively function in the market. This report focuses on the Blue Inc organization which is afamous retail chain and it is focusing on carrying out the operations in outside the UK. Thisreport will talk about the finance controller its roles and responsibilities which they arerequired to perform in the organization. Besides this, the main emphasis is on the cash flowand the ratios which will help to identify the company’s actual informationP1 Describe recruitment documentation in the recruitment process of new staff J OB DESCRIPTION Grade: finance manager in Blue Inc. Level 3 Hours: 35 per week Reports to: Financial Controller Location: Blue Inc. Overall summary Reporting to the Financial Controller by managing and developing the FinancialManagement Team and acting as systems administrator for the Finance System across theDepartment.Key Tasks and Responsibilities Management of the Financial Management Team, organising roles andresponsibilities, work plansCoordination of relationships with internal and external suppliers of IT and bespokeapplications to the Finance department.Management of the production of the annual statutory accounts to completion andfinalisation of its audit and reports.Assisting in the development of business financial processes and ensuring they areregularly maintained (Chaffey and White, 2010).Ensuring that the Union meets and complies with all its statutory reportingobligations and requirements financial, legal and professional.

Undertaking any other duties relevant to the key tasks and responsibilities identifiedby the Financial Controller.To represent the Finance Department of Blue Inc and liaise with relevant externalorganisations as required.PERSON SPECIFICATIONExperience of leading a financial team and managing staff and all aspects of theirdevelopmentExperience of accountability for IT issues surrounding Finance Systems, for exampleas a system administrator.Strong communication skills both orally and in writing.Ability to deal with a variety of daily issues and prioritise work.Statutory accounts production including consolidation experience (Thompson andVan der Walt, 2010).Empathy with the aims and objectives of a modern trade union organisation.Proven commitment to promoting Equal Opportunities in the workplace.Ability to be customer focussed and has business awareness in order to assist non-financial managers.Strong analytical skills and an ability to input and interpret complex data using ITsystems.Statutory accounts production including consolidation experience.Competent in using Accounting Software packages and Microsoft office applicationse.g. Word, Excel, Power point.P2/ Employability, personnel and communication skills for finance manager Personnel and employability skills Education-Most financial managers have at least a bachelor’s degree in either accounting,finance, economics or a related discipline. Many further their education and pursue a master’sdegree in business administration or finance.Most financial managers have at discipline(Bae, Rowley and Sohn, eds., 2012). Many least a bachelor’s degree in either accounting,finance, economics or a related further their education and pursue a master’s degree inbusiness administration or finance.Work Ethic-Financial managers need a strong work ethic to help them navigate throughdifferent jobs and responsibilities. They might spend many years poring over financial reports

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