What Finance Brings to the Table

1
What Finance Brings to the Table What Finance
Needs from Your Area

• FINA 495 Week 8

2
Functional Competencies of Finance

• Cash Flow Projections
• Budget
• Financial Strategy Plans
• Financial Analysis
• Financial Evaluation
• Develop solution models using Net Present Value
  and Internal Rate of Return formulas

3
Finance Contributions to GC3

• Identify the cash flow needs
• Set budget guidelines
• Set financial objectives
• Develop alternative capital structure strategies
• Contribute to pricing plan to ensure profitability

4
Potential Finance Needs from Your Area

• From IT
• Collaborate on the selection of a financial
  reporting system
• Identify cost of system implementation (price of
  system, life cycle, and training costs)
• From HR
• Identify staffing plan (number of employees,
  supervisors, etc.)
• Identify benefits package (medical, retirement,
  etc)
• From Marketing
• Assistance identifying cost implications of
  current Marketing budget
• Identify current operations cost issues