Finance Department is the part of an organization / Government department that is responsible for acquiring funds for the firm, managing funds within the organization and planning for the expenditure of funds on various assets.
The Mandate of the Finance Department is to carry out the tasks and responsibilities of the State in the fields of economic policy, financial policy, budgeting, and tax policies.
Their duties include financial planning, reporting and controls, short and long term business strategy, investments, hedging, mergers and acquisitions, cash management, internal risk management, corporate finance, auditing and accounting.
Daily account record keeping is a finance department function that entails reconciling a company’s financial registers to make suitable business decisions.
Examining financial statements and reporting.
Preparing and forecasting budgets.
Managing operations systems.
Preparation of budget, appropriation of accounts, re-appropriations, surrender and savings.
Control of cash flows (income and expenditure)
Administration of Taxes i.e. Sales Tax, Entertainment Tax, Luxury Tax and Entry Tax etc.
In Zambia Agriculture plays a key role of supporting industries by the production of the required raw materials , producing exportable agricultural goods, generating employment particularly in rural areas, as well as providing food stuffs essential for the sustenance of acceptable nutrition standards and levels.
Mulungushi House, Corner of Independence Avenue & Nationalist Rd P o Box 50197 Lusaka, Zambia Email: firstname.lastname@example.org Phone number: +260211 254 645