Ahmet Kurban        Business AVCE        Mr Fitton        

The Finance Department

        The main functions of the finance department for BT is to record all business transactions, measure the financial performance of the business, hold financial accounts to see how well the business is doing, hold management accounts which the managers use to authorise and make decision etc.

Computer        Fax

Letter                 Receives        Telephone

           Information                Salesperson

Purchasing Department                Sales Department

Finance Department                   (for departments)        Production Department

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Departments        Customers

Tax Authority        Salesperson

Purchasing Department – buys the fibre cables, vans tools etc

Finance Department – calculates its profit and loss accounts

Sales Department – Calculates revenue from sales of goods/services

Production Department – Produces the goods/services for the customers need

Financial Accounts – this has all the information and records of financial events and transactions made by BT. They have a record so that they can see where their money is coming in and going out of the business also to prevent fraud. They also use the financial accounts to see where they went wrong ...

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