Finance encompasses the planning, organization, and control of monetary resources, both for individuals and for companies or government organizations. They include budgeting, investment activities, financial risk analysis and accounting.
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MAIN TASKS OF FINANCE
Financial planning - forecasting of income and expenses, determination of budgets.
Capital management - optimization of the structure of assets and liabilities for efficient use of resources.
Control of financial flows - tracking of income, expenses, cash flows.
Investment analysis – assessment of possible investments and their feasibility.
Risk management – identification, assessment and minimization of financial risks.
Budgeting – allocation of financial resources to achieve goals.
Financial reporting – compilation of profit, loss, financial position reports.
Tax planning – optimization of tax costs and ensuring compliance with legislation.
Attracting financing – finding sources of financing and working with creditors
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