The finance director is very reputed position in world class company . The Finance director is responsible for analysis the flow of fund and finance and also makes the planning regarding new ways of generating revenues with proper forecasting financial investments . As a finance director , any person has to do all statistical and analytical work related to finance matter . Good financial planning is just depended on good finance director . So his role in economic development is also important . Company is the name of utilisation of limited sources with efficient way . Its development depends on different factors but finance experts are because of totally connected with all companies financial matters . If they utilize their brain to provide good interpretations regarding financial market trends , opportunities for leading to revenue , after this company of world can grow . More over there are following area in which finance director's decisions are more important
1. Currency hedging
In currency hedging , finance director shapes strategy to reduce exchange rate fluctuations due to purchasing shares and bonds from world capital market . He mold plans after analysis in which
2. tax planning
Tax is compulsory responsibility of any company . It has to pay at proper time and fixed rate under the rules of central and state govt . Finance director studies different rules and regulations and try to pick certain steps to reduce tax under different ways .
3. expense planning
Expenses are needed for generating income but if its amount becomes more than income at that time company will fail due to suffering losses . How can company save expenses . For example in developed countries , world class companies are sending their work to developing countries that is called outsourcing . That type of plan can be made by finance director and he tries to reduce expenses in every event of company like discounting on purchasing , getting opportunities of cheap offers etc. Profit accountability is also part of his duty .
From its role and importance in world company ,many countries also say him usually CEO ( Chief executive officer or managing director )
Google also offers for this post with telling wide its role in company . You can read this in google jobs profile in linkdin .
1. Currency hedging
In currency hedging , finance director shapes strategy to reduce exchange rate fluctuations due to purchasing shares and bonds from world capital market . He mold plans after analysis in which
2. tax planning
Tax is compulsory responsibility of any company . It has to pay at proper time and fixed rate under the rules of central and state govt . Finance director studies different rules and regulations and try to pick certain steps to reduce tax under different ways .
3. expense planning
Expenses are needed for generating income but if its amount becomes more than income at that time company will fail due to suffering losses . How can company save expenses . For example in developed countries , world class companies are sending their work to developing countries that is called outsourcing . That type of plan can be made by finance director and he tries to reduce expenses in every event of company like discounting on purchasing , getting opportunities of cheap offers etc. Profit accountability is also part of his duty .
From its role and importance in world company ,many countries also say him usually CEO ( Chief executive officer or managing director )
Google also offers for this post with telling wide its role in company . You can read this in google jobs profile in linkdin .
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