Explain the internal structure of a finance department in medium and large businesses.

Explain the internal structure of a finance department in medium and large businesses.

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)