Question

Which example demonstrates a core responsibility of an organization’s finance function?

A)employee payroll management
B)appropriate tax assessments on employees’ salaries
C)monitoring and maintaining records of expenditures
D)maintaining healthy relationships with vendors
E)assessing corporate taxes

Answer 1

The core responsibilities of an organization finance function is: C)monitoring and maintaining records of expenditures
The finance department of a company exists to ensure that company has enough budget to continue their operation and achieve their goal, and they did that by ensuring that all cash outflow that exist in the company does not exceed company's budget.