21/12/2020
=> Budgeting:
- Planning for a budget is achieved by comparing company's current income to expenses and ensuring that the amount company spends does not exceed the amount make by budget.
- Prepare budget properly so that the organization can control expenses.
=> Costing & Cost Minimizing:
- Determine the cost of product result in setting up the sales price.
- Minimizing the cost of product by surveying the market price of materials link as well as improvement of products range by experimental result in sales the product by competitive price and maximizing the profit.
=> Financial Performance Analyzing:
- Measure company's overall financial health over a given period of time and to compare similar companies across the same industry or to compare industries or sectors in aggregation.
- Analyze and interpret the financial statements in such a way that it undertakes full diagnosis of the profitability and financial soundness of the business.
=> Monitor, Follow up & Co-operator:
- Monitor & follow help Management to determine how efficiently their employees are working, which allows the Management to make changes that benefit the company.
- Monitor performance to catch mistakes early and to fix early to work practices that help both the employee and the entire business.
=> Compliance of Book Keeping System with Standards:
- Ensure of compliance of book keeping system with standard to enforce transparency in organizations.
- Manage, plan & organize the financial operation of the company including financial planning, budgeting & analysis, controllership & revenue cycle functions.
- Analyze monthly financial statements (balance sheet, income statement, and statement of cash flows) and effectively convey analysis to staff as requested.
- Maintaining close liaison with financial institutions like - banks, leasing, insurance company, etc.
- Assure compliance of financial operations to all applicable laws, regulations, and standards.
- Makes sense to Management for understanding the financial statement to take effective economic decision as well as maintaining effective functioning state of a business.
- Provide accurate/ reliable information about its accounts to shareholders/ management or to regulatory authorities.
- Keep record, verify, and report the value of a company's assets, liabilities, debts, revenue and expenses.
=> Controlling:
- Eliminate the risk of non-conformity of actual performance with the main target of the company.
=> Reporting to Top Management:
- Provide various financial data analysis for taking effective economic decision for future or for extension of business or introducing new business unit.
- Prepare Management accounts monthly/annually.
- Prepare Tax/VAT accounts Monthly & Annually.
