Financial Management 26th- Apr-16

Agenda Objective Finance structure Role of finance System and process control How financial result impact business decision.

I. Objective Share practice of the financial management How to control financial information/ Segregation of duty

II. Finance Structure Chief Financial Officer (CFO) Financial Accounting Manager AP team RS team Treasury Accountant Financial Accountant AR Team Tax & Fixed Assets Procurement IT Business Finance Manager Finance Analyst

III. Role of Finance Budget Control Book keeping Compliance Internal control Reporting ( financial performance)

IV. System and Process Control System : SAP ( System Application Product) FI Financial Accounting CO Controlling IM Investment Management BW Business Warehouse BPS Business Planning & Simulation PM Plant Maintenance WF Workflow HR Human Resources PY Payroll MM WM PP PM WF SD SAP CO IM BPS FI HR PY BW BCS SD Sales & Distribution WM Warehouse Management MM Materials Management PP Production Planning BCS Business Consolidation & Sourcing Features of SAP : Integration Flexibility Real-time On-line SAP: A computer software application, specifically designed for large companies. Has different modules, which will be used by different departments in a company. The modules are integrated, meaning that they are all linked together in order to share information. This enables all departments to run more efficiently and to the synergetic benefit and achievement of the company goals.

SALES ORDER PROCESSING B. Process and Control Standard Operation Procedure: SOP ODER TO CASH (OTC) SALES ORDER PROCESSING LOAD CREATION LOAD BUILDING SETTLEMENT PAYMENT RECEIPT REPORTING

V. How financial result impact business Decision Forecasting and budget planning Investment decision making Dedicate company performance the key difference between a budget and a forecast is that the budget is a plan for where a business wants to go, while a forecast is the indication of where it is actually going. The forecast is typically limited to major revenue and expense line items. There is usually no forecast for financial position, though cash flows may be forecasted a budget is a quantified expectation for what a business wants to achieve

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