https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj Unit 1: Business Finance en-us 2020-08-03 11:39:33 UTC 2026-03-03 19:21:33 UTC hello@padlet.com https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768202 The finance department ensures that the company is on the right track when it comes to the financial activities of the business. Through their meticulous planning and accurate understanding of the fund flow, they are able to come to a decision that is beneficial for all parties concerned. With that, the best finance departments in business ensure that there will always be more cash coming in rather than out, while still staying ethical, sustainable, and for the people they are meant to serve in the first place.]]> 2021-07-09 02:54:49 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768202 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768484 The finance department is key to the success of the organization since it serves as the department in control of the funds; hence it is the backbone of the organization. Asides from the employees within the organization, having the finance department acts as a support for keeping the cash flow smooth and making sure that funds are consumed and cycled properly.]]> 2021-07-09 02:55:00 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768484 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768533 With the assistance of the finance department, a company is able to determine the effectiveness of their strategic plans and areas of leadership. Through seeing balance sheets, income statements, or fund allocations, those involved are able to assess the gaps that need to be fixed and analyze areas of improvement. The finance department is more than just finances, but a foundation for a company's success.]]> 2021-07-09 02:55:02 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768533 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768761 The finance department is essential in contributing to the success of a company because it oversees all the financial activities in the business and manages its financial resources, ensuring that it is being effectively and optimally utilized. It aids and guides the business in making sound financial decisions that will impact its success through providing information that highlights the use of financial resources and their corresponding effects on the organization's growth.]]> 2021-07-09 02:55:09 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768761 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768810 The finance department contributes to the success of an organization due to the fact that they are responsible for the efficiency, management  and organization of financial plans and financial activities that the organization or business has. They also ensure that all funds are used responsibly and efficiently. They’re also in charge of taking on opportunities when it comes to investment and the like.]]> 2021-07-09 02:55:11 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768810 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768891 The finance department ensures and certifies that the plans from the other departments of the company (e.g. marketing, sales, etc.) are financially feasible. Aside from feasibility, it also provides important input regarding the strategies employed by the company in such a way that these strategies makes use of the funds effectively and efficiently. This then makes sure that the company can avoid plans that would be detrimental to the state of the company and support plans that would make the company successful.]]> 2021-07-09 02:55:14 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642768891 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769069 The finance department contributes to the success of an organization by making sure that the finances are in order (they have enough funding, each department has appropriate budgets, etc). If they don't do their jobs properly, investors could pull out, the value of the business could go down, and/or the organization could go bankrupt. They are essential in ensuring the goals of the organization are met.]]> 2021-07-09 02:55:20 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769069 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769379 The financial department represents a core function of an organization, therefore good financial management would be able to support the goals and objectives of the business and contribute to its success.]]> 2021-07-09 02:55:32 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769379 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769387 The finance department keeps the company organized in terms of the monetary side of the business. Without the finance department, there would be no one keeping track of the business' funds.]]> 2021-07-09 02:55:32 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769387 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769407 The finance department is responsible for handling and organizing all financial activities of a business. The finance activities help and guide the business to make better decisions which will contribute to the company's growth. This is how the finance department contributes to the success of an organization. ]]> 2021-07-09 02:55:33 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769407 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769423 The finance department provides necessary information for organization in which will enable them to make strategic financial decisions.This leads to good financial management and with this, it helps keep the company stable and leads them to the right track in achieving their goals, which results to the success of the organization. ]]> 2021-07-09 02:55:33 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769423 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769506 Since money is a very important asset that contributes to the growth of an organization, the finance department manages the funds for the future of the organization]]> 2021-07-09 02:55:36 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769506 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769558 Finance department contributes to managing the crucial factors of an organization that would certainly affect its success and development. ]]> 2021-07-09 02:55:38 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769558 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769674 The finance department contributes to the success of an organization because of how they make sure that the money is being managed properly to ensure that the business will continue to grow. ]]> 2021-07-09 02:55:42 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642769674 s2016657 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642770078 The financial department has the role of managing and controlling funds, which adds to the success of the business by overseeing all operations from planning to carrying out financial decisions that affect the company. By communicating what decisions to make, the organization can work towards their goals if they know where to allocate the funds and decrease confusions or losses in financial resources.]]> 2021-07-09 02:55:56 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642770078 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642770681 The finance department, through managing, planning, allocation, and controlling monetary resources within a business, contributes to the growth and expansion of a company. They ensure that funds are maintained/preserved or raised through the maximization of inflows and the minimization of outflows are minimized and also plan investments to be made.]]> 2021-07-09 02:56:17 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642770681 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642772479 The finance department helps organize the business' financial activities and keep record in order for them to see their own progress. It is important to have accurate records in order for them to make the right financial decisions in the future. ]]> 2021-07-09 02:57:24 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642772479 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642773041
Being a core piece of what makes up a functioning business, the finance department ensures that an organization stays within its means in terms of expenses, debt, and perceived exposure to risk - usually in order to preserve a business's credit rating. Additionally, the inclusion or the existence of such a department implies that a business has an existing financial plan or process, and should help somewhat in attracting investors to a seemingly financially capable investment opportunity.]]> 2021-07-09 02:57:45 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642773041 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642773390 The financial department of an organization is in charge of making sure that funds are available and that the business is able to access cash in sustainable ways.]]> 2021-07-09 02:57:59 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642773390 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642773478 Since most businesses run on the money, the finance department has a huge role when it comes to the businesses' success. They are the ones in charge of making sure that the money they have are enough, and are always available when needed by the business.]]> 2021-07-09 02:58:02 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642773478 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642775035 The Finance Department contributes to the success of an organization by managing, and planning all the financial activities that is a big part of success. ]]> 2021-07-09 02:59:03 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642775035 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642776520 The finance department contributes to the success of a company]]> 2021-07-09 03:00:04 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642776520 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642779348 The finance department is important to a organization because it will help them make sure that they will have enough funds to operate their plans.]]> 2021-07-09 03:02:02 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642779348 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642779909 The finance department makes sure that the funds of the business goes to the right places. They are aware of all the decisions being made in the whole business so that they see how the cash comes in and figure out how they use the money to increase cash flow.]]> 2021-07-09 03:02:24 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642779909 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642783771 The finance department plays a crucial role in the company as it is responsible with managing, recording, and organizing the resources of the company. It also ensures that the financial decisions are aligned with the long term objectives of the business itself. It gives a better view of the financial health of the business and it will also sustain the status of the company and will also help lead the company to success.]]> 2021-07-09 03:04:53 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642783771 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642785175 The finance department is the part of an organization that is responsible for acquiring funds for the firm, managing funds within the organization and planning for the expenditure of funds on various assets.]]> 2021-07-09 03:05:47 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642785175 https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642801988 The financial department is involved with all the monetary of the business, because of that they are able to oversee where the funds are going. Through the analyzation of balance sheets, income statements and closing entries they will be able to figure out what can be done to increase cashflow.]]> 2021-07-09 03:16:46 UTC https://padlet.com/jhoannabarrameda/eke2tjtntafizrhj/wish/1642801988