Assignment 5007 Financial Control

Assignment 5007 Financial Control Aerocan UK is part of the Aerocan group. We manufacture atomic number 13 cans primarily for the cosmetics industry for large companies including Unilever and Coty. I am the think and materials manager, which makes me answerable for all told black materials coming into the plant and mean of guest indian lodges and future demand. As Aerocan UK is part of a larger group not all of our accounting head for the hillss atomic number 18 completed on site here(predicate) in the UK the important purse string section reside in capital of Belgium at our head office. altogether functions within the organisation here in the UK are control by the plants Annual budget/Forecast this forecast is generated by the Board and senior instruction team. The forecast then drives the doing targets for the year which then in teleph angiotensin converting enzyme number generate the forecasts for raw materials requirement and resources. As the UK d ivision we do operate actually much like a name company with our knowledge monetary department responsible for give suppliers, and ensuring our customers pay on time it can get a bit more complex with new(prenominal) payments as we also hold payments for other plants production and vice versa at times.

Another federal agent to hand is that of spending/investment this decision is not taken without the level approval of the board and RFAs being raised therefore to support the request for investment. Other than that the relationship amidst our monetary and other functions are quite mensuration How my responsibilities carry on to our financial! controls is detailed below: Currently we use one native system within the company to process every(prenominal)thing this is an ERP (Enterprise pick Planning) cognise as SAP . This enables us to track everything at every single stage as it is seamlessly integrated with all of our operations. If anything else ask analysing then Microsoft Excel is used to perform that function in terms of pivot tables etc. Everything follows a standard logical function process. E.g. Customer places...If you want to get a full essay, order it on our website: BestEssayCheap.com

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