evaluate the role of finance director in an organisation of your choice. - Essay Example

Only on StudentShare

Extract of sample
evaluate the role of finance director in an organisation of your choice.

The finance director, especially Tesco Plc’s finance director, has other functions (Brealey, 2011). The other functions include setting up and spearheading the implementation of the strategically planned financial plans towards accomplishing established company goals and objectives. In addition, the finance director is fully responsible for the subordinates’ safekeeping and true and correct recording of all financial reports of the company. Correspondingly, the finance director must analyse the financial data as a tool for recommending future finance-related management and marketing strategies.
The Tesco finance director reports to other top level corporation officers (Megginson, 2008). The finance directors reports to the chief executive officer. Likewise, the finance director presents the financial position of the company to the board of directors the board of directors are the investors of the company. As investors, the members of the board of directors are part owners of the corporation. The other owners of the corporation are the investors or stockholders who are not members of the board of directors. Likewise, the finance director attends meetings of the board of directors. During the attendance, the finance director presents his financial reports. The financial reports include the prior accounting period’s financial position accounts.
There are other functions of the finance director, including Tesco Plc’s finance director (Melicher, 2008). The finance director monitors and manages the finance department of the company. The finance department includes the accounting department, the budget department, and the treasury department. The treasury department is in charge of safekeeping the corporation’s cash and other cash equivalent accounts. Further, the finance director contributes his share to ensuring the budget amounts hasten the accomplishment of strategic company targets and benchmarks. The finance ...
Download paper


During 2005, Tesco Plc’s Finance Director was Andrew Higginson (Cullen, 2009). The finance director’s primary functions include reducing the financial risks of the company’s daily…
Author : connearnest

Related Essays

Recent Direction of Monetary Policy in a Country of Your Choice
Presently, the Reserve Bank executes the functions of the monetary policies in the USA for the purpose of controlling significant issues such as inflation, unemployment, and investment trends among others (Mankiw, 1997). Notably, there lie several purposes of the monetary policies that have been transformed periodically. The various guidelines of the government of a particular country possessed a noteworthy role in the economy in which the central bank acts for the purpose of executing the monetary or fiscal policies to a large extent. The chief motives of executing the monetary policies are...
8 pages (2008 words) Essay
Role of dividend signalling in corporate finance
as a major role in corporate finance. The study also provides a detailed research on the impact of dividend announcement on shareholder. Dividend is an important parameter to evaluate investment decision by the investors. So, there is a substantial role of dividend signalling on corporate finance as companies share value of organization through dividend payment.Thus, annual dividend announcement by a company always remains the most awaited news for its shareholders.
32 pages (8032 words) Dissertation
Presentation about your role as an Accountant
Controversial, because I am sure one way or another you have heard the recent news of financial scandals and crisis which was also brought by this profession. To give you a brief synopsis of the objective or what an Accountant does, it “is to record, classify, summarize, and interpret the transactions of an [business] entity“(Brewer, 2009, pg. 96). While this function may sound simple in text, the implication of it however is quite complex because ultimately,”the objective of financial accounting was to provide information useful in economic decision making” (Brewer et al, 2004, pg....
4 pages (1004 words) Speech or Presentation
Identify and Evaluate the Sources of Long-Term Finance Available to the Company
Thirdly, the result from the previous estimation will be analyzed. Finally, this study will give recommendation on how the project should be financed if the board of director decides to carry out the project. TASK 1: Estimate the Weighted Average Cost of Capital for Made-Up PLC The author will now undertake the estimation of the company’s weight average cost of capital (WACC) by estimating the cost of capital from each financial source of the company. The company currently has three long-term sources of finance, which are ordinary shares, preference shares and bond issuance. 1: The Cost of...
4 pages (1004 words) Essay
managing your personal finance
Belle is risk-adverse thus holds about$60,000 in savings account which can be used to provide allowances to her parents for 60 months if $1,000 is paid every month; and $110,000 in 1 year fixed-deposit that could be used to cover the outstanding balance on loan which is $605,230. The mortgage is charged at 1.5 percent fixed for 25 years. Her mortgage covers critical illness or permanent disability at premium of $3,359 pa. In the event she passes, the $1,500,000 Term plan and $600,000 critical illness benefits cover Kenji and Karen’s educational requirements. This is because, the total...
3 pages (753 words) Case Study
You are required to evaluate the role of finance director in an organisation of your choice.
ere are specific roles of finance directors such as strategic planning of financial future of organizations, overseeing and ensuring proper controls within the organization and making sound financial decisions such as investment decisions. This essay explains and evaluates a detail official description of the role of finance director in McDonald and comparison of the description to that found in at least three different job adverts....
6 pages (1506 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!