Relationship with other functional areas

It is one of the functional areas in a business organization. There are other functional areas like production, marketing and human resource.The financial manager's work do not confine in the finance department, s/he work on coordintaion with other functional managers in the organization. It is because decisions taken in any area have financial implications. The controller can complete the budgeting and profit planning with the help of all other departments.Controller works in close coordination with sales department while preparing sales budget and selling and distribution overhead budget. The controller prepares productionn budget,laborbudget,and factory overhead budget in coordination with production department. The relationship of financial management management with other functional areas is discussed below:
Marketing management
Production management
Human resource management