NIPA PHARMACEUTICALS LTD.

Finance & Accounts Department Roles & Objectives

Prepared By: Shaumitra Kumar Biswas

INTRODUCTION:

 The finance & accounts department work closely with the management act as professional
advice and control service for the financial activities as the company.

 Departmental work completed regularly, in which work related matters are discussed.
Additionally the detail work in progress of each section in man forced through meeting between
the senior staff and the juniors for which they are responsible.

 The finance & accounts help the other department to meet their service objectives by acquiring
service and goods, allocating the companies financial resources, processing financial
transaction, and providing information and analysis as a basis for decision making.

MISSION:

 The finance & accounts department is committed to providing the highest levels of financial
services to the company.

 This includes insuring that proper controls and procedures are in place to manage proparly.
OBJECTIVES:

 The broad objectives of the finance department are to provide a timely, efficient and cost
effective service.

 Continuing to improve the level of operational efficiency of the finance accounts department.

 Continuing to improve the quality of financial information supplied to departments.

STRUCTURE:

 There are 7 members of staff in the department at h/o & 3 members at factory.

Manager Finance & Accounts

Finance Account
Sr. Executive
Finance Account

Cashier Executive

Executive

Executive

Executive
TREASURY CONTROL:
 Control disbursement and reconciliation of all checks and withdrawal from treasury accounts,
provide banking and ………
 Cash Control: Collected, records and deposit funds for all treasury transaction and ensure that
the deposits are made timely and accurately.
 Accounts Receivable: Maintains accurate accounts and billing ………………………………….
accounts receivable.

PURCHASING SERVICE:
 Maintain and ensure compliance with purchasing policies and procedures.

Handle purchasing inquire from Department.

Financial Accounting

Monthly management reports, budget setting and maintaining, financial planning, capital project
reporting.

PAY ROLL:
Payroll production, income tax returns.

 Maintaining of changes in human resources ( Hires and Terminations)

SYSTEM DEVELOPMENT:
 Maintenance and development of financial systems and procedures : Management of payment
section.

Thank You