Finance in the organizational structure of the firm

No business firm functions smoothly without proper authority - responsibility relationship of the persons working for the firm . organizations of finance function refers to the authority and responibilty relationship among persons incolced in finance functions in an organizations. I other words, it is the division of work among the persons who caryy in finanace functions. proper organization of finance function helps to avoid confusion on roles and responsibilities of employees, and the duplication and overlap of the activities. It is also known as organizations of financial managment functions.