The finance department in an organization oversees financial planning and management activities, including budgeting and forecasting, reporting and compliance, and creation of value. Some of these responsibilities help the organization meet compliance obligations. Others contribute to profit-building for the company.Know More
Budgeting and forecasting is completed on a regular basis in companies. The finance department prepares historical documents and projects to aid leaders in developing forward-looking budgets. Leaders in finance inform executives about any changes to projections based on over- or under-developing sales results.
Reporting and compliance is a major role, especially in a public company, because it must issue regular earnings reports to inform shareholders and the public about its current financial position. The finance department prepares common financial statements that meet Securities and Exchange Commission requirements. Company leaders than present this information in a press release and often in a conference call with analysts. Finance departments also prepare internal financial reports that are used by managers for decision-making.
Increasingly, companies rely on finance departments for strategic planning and risk analysis before making investment decisions. Before a company invests in new property or equipment, for instance, the finance department might prepare a risk analysis report. Finance departments also play a key role in advising on business investment activities.Learn more about Corporations
As of July 2015, HSBC Holdings is comprised of 19 principal regional subsidiaries. These include HSBC Bank in the United Kingdom, HSBC Bank USA and HSBC Bank Canada in North America, and the company's namesake Asian Pacific operation, The Hongkong and Shanghai Banking Corporation.Full Answer >
The phone number to Citizens Auto Finance department is 800-610-7300. Citizens Financial Group was previously known as RBS Citizens Bank before a 2014 name change.Full Answer >
Information in financial portfolios includes a complete list of assets, such as checking and savings accounts, jewelry, collectibles and insurance policies, as well as investments, such as bonds, real estate, stocks, equities and mutual funds. A financial portfolio shows the overall picture of an investor's finances, according to Money Choice.Full Answer >
The National Finance Center is a federal government agency that serves numerous organizations of the U.S. government. The various services offered by the NFC include human resources, payroll, timekeeping, collections and data center hosting.Full Answer >