Finance Department

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Standard Grade Administration

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Finance Department

  1. 1. <ul><li>Finance Department </li></ul>
  2. 2. <ul><li>The department responsible for all of the money coming into the business and going out of the business. </li></ul><ul><li>This includes: </li></ul><ul><li>Employee wages, petty cash, paying suppliers and receiving money from customers. </li></ul>
  3. 3. <ul><li>The finance department will check with </li></ul><ul><li>other departments to ensure financial </li></ul><ul><li>information is correct. </li></ul><ul><li>The finance department at Nintendo for example would do the following: </li></ul><ul><li>> Check with the sales department that </li></ul><ul><li> consoles and games have been paid for by their </li></ul><ul><li> customers like Game, Argos etc. </li></ul><ul><li>> Check with the purchases department that materials needed to build </li></ul><ul><li>consoles & accessories are paid </li></ul><ul><li> for by Nintendo. </li></ul>
  4. 4. <ul><li>INVOICE : Information about goods bought and informs the buyer how much is due. (BILL) </li></ul><ul><li>eg Nintendo invoicing Game </li></ul><ul><li>CREDIT NOTE: Information provided about the cost and reason for returning goods. </li></ul><ul><li>eg ‘Game’ returning goods to Nintendo </li></ul>
  5. 5. <ul><li>STATEMENT: Provides regular information on goods bought, returned and payments made. </li></ul><ul><li>eg Game/Argos receive a </li></ul><ul><li> statement from Nintendo. </li></ul><ul><li>CHEQUE: A cheque is used to make payment for goods. </li></ul><ul><li> eg Game/Argos will pay </li></ul><ul><li> Nintendo for goods </li></ul><ul><li>bought. </li></ul>
  6. 6. <ul><li>Task Time 1 </li></ul><ul><li>You are working in the finance department for the company “ Christmas Crackers” and have been asked to read the e-mail you have been sent. Using the worksheets you have been given complete the following tasks: </li></ul><ul><li>Task 1a and 1b </li></ul><ul><li>Task 2a and 2b </li></ul>
  7. 7. INVOICE Christmas Crackers 76 Smith Street GLASGOW G44 5KP e-mail [email_address] Telephone: (0141) 989 8989 Fax: (0141) 989 8999 Invoice Number 000821 To: CHRISTMAS SUPPLIES 83 Kings Drive Hamilton ML3 0RF Date Pine Christmas Trees 6 10.00 60.00 Tree Lights 4 5.00 20.00 80.00 Description Quantity Unit Price Cost TOTAL COST
  8. 8. CREDIT NOTE Christmas Crackers 76 Smith Street GLASGOW G44 5KP Pine Xmas Tree Faulty 2 10.00 20.00 20.00 Telephone: (0141) 989 8989 Fax: (0141) 989 8999 e-mail [email_address] Credit Note Number 000011 Date To: CHRISTMAS SUPPLIES 83 Kings Drive Hamilton ML3 0RF Description Reason For Return Quantity Unit Price Cost TOTAL COST
  9. 9. <ul><li>Introduction to Spreadsheets </li></ul>
  10. 10. <ul><li>A spreadsheet is made up of rows and columns of cells. These cells contain formulae or numbers. </li></ul>
  11. 11. Active Cell Active Cell Columns Rows Cells
  12. 12. <ul><li>WHY USE A SPREADSHEET </li></ul><ul><li>Spreadsheets are used for anything in the Finance Department where calculations are made eg:- </li></ul><ul><li>Calculation of employees’wages </li></ul>
  13. 13. <ul><li>TASK TIME 2 </li></ul><ul><li>Work through the following spreadsheet exercises </li></ul><ul><li>Task 3 </li></ul><ul><li>Task 4 </li></ul><ul><li>Task 5 </li></ul>

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