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Structure And Function

Of

Finance Department

PresentedBy:SYEDMUHAMMADAZEEM

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Financial Management

FinancialManagementmeans

planning,organizing,directingand

controllingthefinancialactivitiessuch

asprocurementandutilizationof

fundsoftheenterprise. 

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Functions Of FinancialManagement

•Estimation of capital requirements

• Determination of capital composition

• Choice of sources of funds

•Investment of funds

• Disposal of surplus

• Cash management and control 

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State Bank Of Pakistan

• TheState Bank of Pakistan(SBP)isthecentralbankofPakistan.

• FoundedIn1948

•

TheheadquartersarelocatedinthefinancialcapitalofPakistan,Karachiwith

itssecondheadquartersinthecapital,

Islamabad. 

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Finance department of SBP 

FinancialAccountsDivision(FAD)

• Preparation of annual financial

statements

• Weekly statement of affairs to be

published in govt gazette

• Quarterly Profit updates to the board

of directors

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FAD (Cont.)• To provide information for informed

decision making.

• Preparation of daily balance positionand communicating to federal

division and provincial finance

department.• Consolidation of all departmental

budgets.

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Forex, Securities and

investment division• Maintenance and record of cash

reserve requirement.

• Fcy payments of Govt. and SBP.

• Maintenance and revaluation of fcy

assets and liabilities.

• Revaluation of IMF Loans

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System And ProcedureDivision

• Representing finance department invarious automation projects.

• It recommends continuous business

process refinement.• Participates in automated systemdevelopment/Implementation.

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Payment Controller Division

• Payments to external suppliers andto the employees.

• Checking and verifying selected

transactions/cases referred bydirector finance.

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Asset Management Division

• Keeping track of physical location of

assets.

• Maintaining financial information of

assets.

• Ensure smooth running of fixed asset

management function.• To record all expenses regarding repair/

maintenance and taxes for SBP building

and Equipment.

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Currency management Division

• Policy making and currency management

includes Designing, Printing and issuance ofNotes.

• Preparation of balance sheet of “issuance

department” at fiscal year end. 

• Issuance of statement of affair of “issuance

department” on weekly, Monthly or quarterly

basis.

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Support services division

• Deals with administrative problems in

Finance department.• Develops healthy environment in finance

department.

• Dissemination of any revision in law,

policy and regulation matters toconcerned division.

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SWOT Analysis

Strengths

• It is state bank

• Strong internal control• Formalization and simple

structure.

Weakness

• Lacks IT advancement.

• Less training programs.

• Not adopting latestpractices.

Opportunities

• Can attract best talent.

• Can adopt latest IT programs

to Enhance speed and

efficiency.

Threats

• Political instability.

• Excessive govt. borrowings.

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