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Roles of Finance Function in Organisations

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Roles of Finance Function in Organisations

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Questions and Answers

What is an important part of effective performance management?

Increasing levels of innovation

Maximizing customer satisfaction

Reducing variance analysis

Comparing actual performance to planned performance (correct)

What is the role of financial reporting in an organization?

Minimizing variance analysis

Enhancing levels of innovation

Preparing comprehensive reports for shareholders (correct)

Reducing customer satisfaction

What may result from the identification of differences between actual and planned performance?

An increase in customer satisfaction

A reduction in control

A reassessment or amendment of the original plans (correct)

A decrease in corporate reporting

Which type of analysis may be carried out as part of the control function?

<p>Variance analysis</p> Signup and view all the answers

What information do comprehensive reports prepared by the finance function aim to provide?

<p>Activity and performance information to shareholders and interested people</p> Signup and view all the answers

Roles of Finance Function in Organisations

Choose a study mode

Podcast

Questions and Answers

What is an important part of effective performance management?

What is the role of financial reporting in an organization?

What may result from the identification of differences between actual and planned performance?

Which type of analysis may be carried out as part of the control function?

What information do comprehensive reports prepared by the finance function aim to provide?

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