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Career Guidance Knowledge business, administration and law K041 - business and administration K0412 - finance, banking and insurance Financial department processes
Description
The different processes, duties, jargon, role in an organisation, and other specificities of the financial department within an organisation. Understanding of financial statements, investments, disclosing policies, etc.
Occupations requiring this skill
This section is generated automatically.
Skill demand overview
- Essential in 11 occupations
- Optional in 5 occupations
- Total: 16 occupations
- Most common in: ISCO major group 2 (Professionals)
Essential for
- Accounting managerAccounting managers assume responsibility for all accounting activities relating to financial reporting. They develop and maintain accounting principles and procedures to ensure ti…
- Financial auditorFinancial auditors collect and examine financial data for clients, organisations and companies. They ensure the financial data is properly maintained and free of material misstatem…
- Financial managerFinancial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, e…
- Corporate treasurerCorporate treasurers determine and oversee the financial strategic policies of a company or organisation. They use cash management techniques like account organisation, cash flow m…
- Budget managerBudget managers assess financial proposals of different departments before granting financial resources to projects. They monitor the implementation of budget policies and procedur…
- Budget analystA budget analyst is a financial professional who plays a pivotal role in helping organizations manage their finances effectively by developing, analyzing, and monitoring budgets. T…
- Financial controllerFinancial controllers handle all tasks related to the budgeting and accounting aspects of a company or organisation. They implement and ensure compliance with internal financial an…
- Cost analystCost analysts prepare regular costs, budgeting analyses and reports in order to contribute to the overall cost planning and forecasting activities of a business. They review and re…
- Billing clerkBilling clerks create invoices and credit memos, issuing them to customers by all necessary means, and updating customer files. They issue invoices to customers and monthly custome…
- Accounting analystAccounting analysts evaluate the financial statements of clients, usually companies, which include the income sheet, the balance sheet, the statement of cash flows and additional n…
- AccountantAccountants review and analyse financial statements, budgets, financial reports, and business plans in order to check for irregularities resulting from error or fraud, and provide …
Optional for
- Auditing clerkAuditing clerks collect and examine financial data, such as inventory transactions, for organisations and companies and ensure they are accurate, properly maintained, and that they…
- Strategic planning managerStrategic planning managers create, together with a team of managers, the strategic plans of the company as a whole, and provide coordination in the implementation per department. …
- Management assistantManagement assistants perform varied types of jobs, usually under general supervision. They carry out administrative tasks and support managers to ensure the entire department func…
- BookkeeperBookkeepers record and assemble the day-to-day financial transactions of an organisation or company, consisting usually of sales, purchases, payments and receipts. They ensure all …
- Audit supervisorAudit supervisors oversee audit staff, planning and reporting, and review the audit staff's automated audit work papers to ensure compliance with the company's methodology. They pr…
Related skills
- Interpret financial statements
- Accounting department processes
- Analyse financial performance of a company
- Financial statements
- Advise on financial matters
- Follow the statutory obligations
- Prepare financial statements
- Evaluate budgets
- Manage budgets
- Support development of annual budget
- Tax legislation
- Explain accounting records
