a) State five functions of Finance Department in an organization.
b) State five importance of communication in an organization
Explanation
a) - Keeping of financial record of the organisation.
- Controlling of expenditure of the organisation.
- Dealing with tax matters of the organisation.
- Managing of financial resources of the organisation.
- Preparing of personnel cost of the organisation.
- Recording of organisation's revenue.
- Auditing records of the organisation.
b) - Quick dissemination of Information.
- Facilities payment for goods and services.
- Advertisement of goods and services.
- Facilitates international or foreign trade.
- Risk and Cost reduction.
- Ensuring close contact between business men
- Improvement of trade.
- It ensures quick delivery of documents.