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)
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• Treasury administration.
• Administration of Taxes i.e. Sales Tax, Entertainment Tax, Luxury Tax and Entry Tax etc.