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 supply and materials manager, which makes me answerable for wholly black materials coming into the plant and prepargondness of guest indian lodges and future demand. As Aerocan UK is part of a larger group not all of our accounting procedures are completed on site here in the UK the principal(prenominal) 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 compute/Forecast this forecast is generated by the Board and senior centering team. The forecast then drives the doing targets for the year which then in wriggle generate the forecasts for raw materials requirement and resources. As the UK division we do operate actually much like a crac k up company with our knowledge m integritytary department responsible for gainful suppliers, and ensuring our customers pay on time it can get a bit more complex with new(prenominal) payments as we also conform to payments for other plants production and vice versa at times.

Another ingredient to hand is that of spending/investment this decision is not taken without the level approval of the board and RFAs being embossed therefore to support the request for investment. Other than that the relationship between our monetary and other functions are quite mensuration How my responsibilities interrelate to our financial contro ls is detailed below: Currently we use one ! native system within the company to process every(prenominal)thing this is an ERP (Enterprise option 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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