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RESEARCH ON FINANCIAL EXECUTIVE

This research paper provides an analytical overview of the role and responsibilities of finance executives, emphasizing their importance in managing an organization's financial health. Key skills for success in this position include organizational, analytical, numerical, computer, and interpersonal skills. Finance executives are responsible for creating financial reports, overseeing budgeting, and collaborating with other executives to maximize profits and ensure compliance with financial standards.

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Lokeswari Jayapal
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5 views

RESEARCH ON FINANCIAL EXECUTIVE

This research paper provides an analytical overview of the role and responsibilities of finance executives, emphasizing their importance in managing an organization's financial health. Key skills for success in this position include organizational, analytical, numerical, computer, and interpersonal skills. Finance executives are responsible for creating financial reports, overseeing budgeting, and collaborating with other executives to maximize profits and ensure compliance with financial standards.

Uploaded by

Lokeswari Jayapal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ANALYTICAL RESEARCH

REPORT ON FINANCE EXECUTIVE

This research paper is a study which


gives a theoretical contribution to the
existing body of knowledge in Finance
Executive Analytics.

RESEARCH ON FINANCIAL EXECUTIVE


FINANCIAL EXECUTIVE:
Responsible for a business’s money transactions, including
income and expenses, a finance executive makes sure that
their organization is profitable. They manage cash-flow
statements, budgeting and tax planning. They also determine
ways for the company to cut costs to maximize profits .

What Does a Finance Executive Do?


Finance executives oversee an organization’s money. They
monitor the organization’s income, expenses and investments,
and they create and evaluate financial reports including cash-
flow statements. To cut costs and maximize profits, finance
executives collaborate with the organization’s other top
executives to go over budgeting and taxes. Additionally, they
monitor economic and financial trends.
Sometimes, finance executives will supervise a staff of
accountants or finance clerks. They may also have to hire new
staff and develop schedules. Finance executives typically work
full time in an office environment, and long hours are common.

What skills do you need to succeed?


Here are some of the important skills you can develop if you
want to become successful in this profession:
Organisational skills
It's important to have organisational skills when working in this
position. Because it can involve managing and overseeing
various departments, it's important to keep up with the
multitude of tasks you may encounter on the job. Being
organised also allows you to improve your time management
skills. This can prevent you from feeling overwhelmed. It also
helps you keep everyone else in the office on track when you're
performing your duties as a supervisor.
Analytical skills
Developing these skills can help you advance in your career
because analytics plays an important role in many finance-
related jobs. They allow you to solve complex problems and
develop successful strategies by accurately interpreting the
data you gather. You can use your analytical skills to fulfil a
variety of your roles, including your primary responsibility to
maintain and improve the company's financial health.
Numerical skills
Numerical skills refers to your ability to understand and analyse
numbers. This skill is necessary because the role requires you
to supervise the firm's monetary health. Your ability to work
with numbers can help you successfully perform the various
aspects of your job, including accounting, forecasting and
budgeting.
Computer Skills
Technology is continually increasing its influence on the
financial sector. While you can have a team of analysts to help
you, it's advisable that you also have at least an average
understanding of the various computer software and tools. This
can help you when completing your tasks, such as creating
financial reports or predicting the financial outcomes of the
organisation's decisions.
Interpersonal skills
Because this job places you in a position of responsibility and
authority, it requires you to have strong interpersonal skills.
This includes having effective communication skills and strong
leadership abilities. Another aspect is having the ability to
manage conflicts. These are all values that can greatly benefit
you in your career because they allow you to cooperate
efficiently with other team members and executives.

Roles and responsibilities of finance executive They analyse


and create financial reports such as profit projections and cash-
flow statements. In the private and public sectors of the
financial industry, they ensure the company's profitability.
Finance executives are also responsible for the financial
planning and determination of how to pay off the liabilities of a
company. To maximise profit and reduce costs, they
collaborate with the shareholders and board of directors to
manage the organisation's tax and budget.

Additionally, finance executives monitor financial and economic


trends to know their competitor's performance and look for
ways to expand the company. Here are some of the other
duties and responsibilities of a financial executive:

 oversees the development and operations of the finance


departments in the company
 reviews new financial policies and budgets in the
organisation
 creates and analyses financial monthly or annual reports
to senior managers
 oversees the company's financial procedures by training,
recruiting and conducting regular assessments of
employees in the finance department
 supervises the preparation of the account reconciliation
 assists with the company's cash flow forecasting
 monitors and enforces compliance with tax and financial
reporting standards
 mediates between employees, shareholders, investors and
organisations on the company's financial issues
 advises the board of directors on decisions concerning the
organisation's finances
 develops investment strategies to increase the company's
working capital for the expansion of the business

 creates business plans based on the financial forecasts


and the analysis of the company's status
 prepares the company's financial report and monitors
accounting records
 supports the organisation's goal by ensuring that its financial position
guarantees success

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