A Pointless Post.

I am currently doing a business plan for Entrepreneurship and I have to do things based on these financial executive crap things and oh-so much more. Just wanted to share it with you guys. Yeah,like y'all care, kan? LOL. :p

A financial executive is a senior officer within a company, a governmental body or a non-profit organization who reports directly to the chief executive officer. This expert is usually an experienced and competent professional who coordinates all financial reporting, tax, treasury---as well as audit and risk management---activities and ensures that such activities comply with regulations.

1. Responsibilities

o A finance director is a member of an organization's top management team and could attend corporate board of directors' meetings or other senior managers' gatherings. This expert oversees all financial accounting and reporting processes or policies and ensures that they agree with corporate guidelines, human resources procedures, regulatory requirements and industry practices. A finance executive also coordinates internal and external audit activities and ensures that internal controls operate adequately. A finance director also focuses on treasury, tax and financial management functions.

Financial Accounting and Reporting

o A finance executive is the chief officer in the accounting and finance department. This expert helps record, prepare and present an organization's financial statements and ensures that such statements are "fair," complete and in agreement with generally accepted accounting principles (GAAP), industry regulations and firm policies ("fair" means "correct" in accounting parlance). Complete financial statements display four data sets: a balance sheet, a statement of profit and loss, a statement of cash flows, and a statement of stockholders' equity.

Corporate Audit and Risk Management

o A finance executive coordinates internal and external audit activities and ensures that corporate policies, procedures and mechanisms are adequate and functioning effectively. A control is a list of instructions that senior management puts into place to avoid losses due to error, technology malfunction or fraud. An effective control corrects problems properly. A finance chief monitors significant risks and ensures that departmental employees have plans to correct them.

Treasury, Tax and Financial Management

o A finance chief also ensures that tax reporting, treasury and financial management processes within a corporation are adequate and functional. Treasury activities deal with cash management and investment strategies. An executive also ensures that a company files tax documents on time.

Knowledge, Skills and Abilities

o A finance executive needs strong communication and interpersonal skills. This expert also needs to be familiar with finance topics, capital markets activities, tax regulations, and legal or compliance requirements.

Education and Experience

o A finance chief typically holds a bachelor's or a master's degree in finance, accounting, taxation, investments or other business fields. This expert also holds one or more professional certifications, such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM). A finance chief usually has more than 10 years of experience and may come from a public accounting firm.