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The financial Life cycle of a business (support decision making on project…
The financial Life cycle of a business
managing the organisation's cash sources of finance and investment
making sure there is enough money
for interest payments or bank loan repayments
Managing cash life cycle
pay for wages
property rents
supplier costs
on a weekly, monthly & quaterly basis
coordinating
organisation's planning
budgeting process
Producing the budget
at the end of each year
financial team prepares plans or budgets targets and agree with the BU Manager
defining yearly target
providing accounting information in order to monitoring business performance
comparing budget to incomes & expenditures of each business units
advise the board over the overall performances and compare it to budget reporting
identifying the pain and the gain in order to ask for management intervention
support decision making on project
or new project
via providing financial information
cost of marketing campaign
refurbushing a restaurant
launching a new product
producing the financial accounting information
reported information externally
Finalizing accounts of the previous year which will
be audited by external accountants
Support the management team into establishing forecast
overseeing recording of financial transactions
making sure cash taking are recorder and banked
agreeing the purchases of goods
recording and managing the stock level of goods
providing indicators for external stakeholders
external lenders
assesment of the risk of payment defaults
interest payments
repay loans
keeping the business on track