Hotel Finance – Finance Department Organization & Roles – SOP

      FI 010: Finance Department Organization & Roles /


      Objective:

      In order for the accounting department to achieve maximum effectiveness and efficiency with sufficient internal controls in place to prevent errors and frauds, the department should be organized by operational functions with proper segregation of duties.

      “…The organization should be designed based on such factors as the size, operational methods, IT system, headcount of employees and local employment practices…”

      Includes:

      – ROLES
      – ORGANIZATION PRINCIPLES
      – FINANCE ORGANIZATION CHART


      Details:

      File Size: 41 KB
      File Format: Word
      Print Length: 02 pages
      Publication Date: September 25, 2016
      Language: English
      Editable: Yes

      The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.