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 The finance department prepares historical documents and projects to aid leaders in developing forward-looking budgets.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
Rupert Murdoch owns 150 newspapers in Australia, three national newspapers in the United Kingdom and the Wall Street Journal and New York Post in the U.S., Voice of America reported in 2011. Murdoch owns properties that supplement these publications, including Community Newspaper Group and several Dow Jones information services. In addition, he owns several media outlets and 20th Century Fox Film Corporation.Full Answer >
Aéropostale was founded by R.H. Macy & Co. in the 1980s. Originally, Aéropostale was an in-store brand sold at Macy's, but in 1987, Macy's opened an independent Aéropostale store in West Los Angeles, California. Aéropostale focuses on trendy, casual apparel for young men and women.Full Answer >
The CVS Health corporate office can be contacted through its mailing address, phone number or email address. As of 2014, this information is located in the contact section of the company website.Full Answer >
Sallie Mae can garnish a borrower's wages if that borrower defaults on repayments, according to Sallie Mae's website. Default occurs after a borrower goes 270 days overdue on a payment.Full Answer >