10-30-2011, 04:37 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by wicky</i>
<br />Well DXB
What real difference u see in the working b/w "Accountant " and finance manager if u r working as any of the mentioned job?
i know it changes from places to places. Searched it but could not find the real differences from "Global" point of view.
Thx
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
In Gulf,
Accountant/Chief Accountant/Finance Executives handle Debtors, creditors, fixed assets, TB, FS, reporting etc under the supervision of Finance Manager.
Finance manager is additionally responsible to manage the finances of the company in very simple terms. This, means he needs to look for cashflow, budgets etc. Accountant will book a payment while finance manager will ensure that there is enough money to pay or wether to delay the payment, hold payments, how to increase finance income and lower finance charges. FM keeps a balance between cash outflow and inflow and manage the liquidity. Hence, treasury functions come directly under FM. There is a lot of financial decision making involved. If the liquidity goes wrong, FM will be responsible.
In most companies in the Gulf region, the hierarchy will look like this..
CFO > Finance Manager > Chief Accountant > Accountants > Assistant Accountants
Additionally, there will be Management Accountant(s) in bigger companies.
The number of employees at each level depends on the size of the company. There could be 3 FMs or 6 Accountants. Or 1 each.
<br />Well DXB
What real difference u see in the working b/w "Accountant " and finance manager if u r working as any of the mentioned job?
i know it changes from places to places. Searched it but could not find the real differences from "Global" point of view.
Thx
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
In Gulf,
Accountant/Chief Accountant/Finance Executives handle Debtors, creditors, fixed assets, TB, FS, reporting etc under the supervision of Finance Manager.
Finance manager is additionally responsible to manage the finances of the company in very simple terms. This, means he needs to look for cashflow, budgets etc. Accountant will book a payment while finance manager will ensure that there is enough money to pay or wether to delay the payment, hold payments, how to increase finance income and lower finance charges. FM keeps a balance between cash outflow and inflow and manage the liquidity. Hence, treasury functions come directly under FM. There is a lot of financial decision making involved. If the liquidity goes wrong, FM will be responsible.
In most companies in the Gulf region, the hierarchy will look like this..
CFO > Finance Manager > Chief Accountant > Accountants > Assistant Accountants
Additionally, there will be Management Accountant(s) in bigger companies.
The number of employees at each level depends on the size of the company. There could be 3 FMs or 6 Accountants. Or 1 each.
