ENTREPRENEURSHIP

Detailed explanation-1: -Treasury: Treasury department manages the money and financial risks of the business.

Detailed explanation-2: -The accounting department refers to the division in a firm that looks after the preparation of financial statements, maintenance of general ledger, payment of bills, preparation of customer bills, payroll, and more. In other words, they are responsible for managing the overall economic front of the business.

Detailed explanation-3: -Primary duties: Finance clerks perform clerical duties for finance teams in a business. They prepare invoices, input financial data, and file financial transactional documentation. Finance clerks are junior roles to finance managers and assist them to keep accurate records and handle daily financial tasks.

Detailed explanation-4: -The finance department’s role goes beyond just bookkeeping. It also involves data analysis to provide insights for decisions that impact the future. The finance department must be in a position to scrutinize any decisions taken by the senior management, analyse its efficiency, and assess the risks involved.