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Functional area Plan: Accounting and Finance

By Diane Boone

Member of Yanks

The Accounting and Finance Functional Area focuses on budgets, costs, revenues, and expenses to support Zilack’s business model of projected growth. Include two of the following for the updated Accounting and Finance Functional Area plan. In addition, explain how the Accounting and Finance Functional Area will adhere to a code of ethics available for stakeholders.

1. Describes issues affecting the Accounting and Finance Functional Area.

The position will direct the accounting and finance activities of multiple assigned

Sections of the finance department, serves as a financial advisor to the Finance Director and acts in the absence of the finance director. The duties for this position include:

a. Overseeing payroll process

b. examining contracts,

c. purchase orders and

d. other financial documents for approval based upon funds.

Available and ensuring compliance with accounting report standards

2. Explains new ideas for updating the Accounting and Finance Functional Area.

As many business become more global, the need for reliable accounting software is growing. Since accounting departments, serves many purposes including payroll, departmental finance management, allocating funds for taxes, and archiving financial paperwork, software that can be used for more than one task helps accounting and finance departments run more efficiently.

Zilack’s Corportation need to invest in accounting software that will aid accountants in bookkeeping, tax accounting, and other business accounting tasks. Even if Zilack’s Corporationn use one account, the right software is worth the investment. It is important to consider your company rate of growth, current software your accounting department is using, and if there are programs that can used for multi-tasking. Zilack’s should also consider the cost of installation and...