Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Finance role in IT company

jayanthi (finance executive) (31 Points)

18 August 2008

hello friends,

am new to this forum. I am working as Hr Executive in one of the it company and now given responsibility of looking after finance division.

Can anybody help me by providing detailed information on finance role in IT companies as well as role of auditors...

Its urgent kindly help me out from this problem....

thanks Jayanthi

Reply
Follow
Share

4 Replies

Sadanand (Service) (20 Points)
Replied 18 August 2008

Hello Jayanthi,

First thing u have not described the scope of work responsibility u r going to handle, see in finance there are lots of activities, it majorly depend upon the size of organisation, but in case of IT Co. it is quit easy than mfr. Co's.

Majorly finance includes management of Financial statement which are going to publish. It covers areas like preparation of Budget, MIS reporting, financial statements, managing the funds i.e. cash, receipts & payments.

If you want specifice work oriented guidence please let me know your scope of responsibilities.

jayanthi (finance executive) (31 Points)
Replied 18 August 2008

Originally posted by :Guest

Hello friend,

ours is a small company with 12-15 employees. i am the only one who is going to manage finance..... including budgeting ,MIS report etc,... what you have said.

Please provide me detailed information on how to proceed with this and i have given full authority of looking after finance... How to start up with this.

And What will be the role of Auditors here....

Thanks

jayanthi

Hello Jayanthi,
First thing u have not described the scope of work responsibility u r going to handle, see in finance there are lots of activities, it majorly depend upon the size of organisation, but in case of IT Co. it is quit easy than mfr. Co's.
Majorly finance includes management of Financial statement which are going to publish. It covers areas like preparation of Budget, MIS reporting, financial statements, managing the funds i.e. cash, receipts & payments.
If you want specifice work oriented guidence please let me know your scope of responsibilities.

CA E.A.Ravikumar ( ) (325 Points)
Replied 18 August 2008

Let me know whether your training and education is in HR or Finance.

from what you have given, suggest to

1. get to know from your management about what they expect from you in your "finance" role &

2. to sit with your CA ( hope you referred your CA as "auditor") who will be in a better position to give more insight, relevant to your organisation and role.

manoj Kumar (Sr Accountant) (49 Points)
Replied 15 December 2012

Respected Seniors and Dear Friends,

This is Manoj Kumar from Hyderabad, doing as a US Accounts Executive in IT Solutions company, it is It Staffing and developing company, any one please advice to me how to prepare the MIS financial reports to IT Staffing and developing company, and give some sample xls file, I am eagarly waiting for your responce

Thanks & Regards Manoj Kumar