A regulation specifically for the activities carried out by the facility in order to achieve their goals efficiently and distribution and assembly of these activities for individuals according to certain grounds represent functional specialization in the work.
Thus clarification of the powers and responsibilities of each function in order to determine the work and therefore determine responsibility, and it represents what the powers of the legal right to make decisions and direct orders and instructions and the degree of centralization and decentralization in the required work.
It is evident here as well as the importance of the role played by financial management and chief financial officer, so they represent a leading position within the organizational structure of the facility where the administrative level in the first year after the site manager.
And helps the existence of financial management in this site to highlight its role in relation to investment funds and movement within the facility and its relationship with external financial this predominantly stamp assembly job in organizing the finance function, due to its This function allocates the two types of work in addition to the benefits of specialization to work in this administration and goal the safety and oversight of financial planning and the importance of financial decisions taken, then the nature of work and the requirements and different organizational structure for financial management of the facility to another depending on the type and size of the sector in which it operates and the nature of its activity and the degree of complexity.
Can be divided into two groups of financial functions, including the first job is responsible for financial planning, while the second group comprises the functions responsible for recording the financial results and analysis in order to control for good performance.
التسميات
Concepts of financial management