The finance functional areas are grouped into activities or processes based on their need in accomplishing tasks.
Exhibit 1
The Finance Functional Structure Model
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Described below are the functional statements for the Finance team
Level 2 Finance Functional Statements
Financial Systems Support
Financial Planning, Budgeting and Control
Accounting
Treasury and Investment
Level 3 Financial Planning, Budgeting and Control Functional Statements
Financial Policies and Procedures
Financial Planning, Monitoring and Analysis
Budgeting and Control
Financial Reporting
Level 3 Accounting Functional Statements
General Ledger
Accounts Receivables
Accounts Payable
Payroll
Fixed Asset Accounting
Level 3 Treasure and Investment Functional Statements
Cash Management
Investment Support
Treasury
Insurance
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