DIVISION of FINANCE Enclosed is an Application to Establish or Finance Mo Form

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hi I'm Jerri fuller executive director of the associated colleges of Illinois welcome to the fifth segment of our business basics series the finance department provides a financial information necessary for managers to make decisions within the organization thanks for being with us few areas within a business are as misunderstood as finance and accounting this is because their skill sets are closely related and they both deal with an organization's money however their functions are quite different the simplest explanation is that the accounting departments job is to research and present when an organization has done with its money in the past and the finance department works to determine what will be done with that money in the future accounting is usually a division of the finance department so we'll refer to the home for both of these functions as the finance department the chief financial officer oversees the Finance and Accounting functions of a business his or her main function is