O que faz o SETOR FINANCEIRO

Summary

In this video, José Morais explains the crucial financial departments within a company, detailing their roles and responsibilities. He covers accounts payable, accounts receivable, treasury, fiscal, accounting, and controlling departments, emphasizing their significance in managing cash flow, ensuring compliance, and optimizing financial operations. Additionally, he touches on risk management, which is essential for identifying and mitigating potential business risks. The video offers a comprehensive overview of how these areas work together to maintain financial stability and support strategic decision-making within a business.

Takeaways

• 😀 Accounts Payable (Contas a Pagar) ensures that payments to suppliers are made on time and in the correct amount, following company policies to avoid penalties.
• 😀 The Accounts Payable department must handle payment delays by either negotiating new payment terms or paying fines and interest for late payments.
• 😀 Accounts Receivable (Contas a Receber) manages customer credit, receives payments, and ensures overdue payments are tracked and collected.
• 😀 Accounts Receivable also determines credit limits for customers based on their financial credibility and handles both automated and manual payment processes.
• 😀 Treasury (Tesouraria) is responsible for maintaining liquidity in the company by managing cash flows across different bank accounts and making investment decisions when there is surplus cash.
• 😀 If the company lacks liquidity, the treasury department may need to borrow money either from the parent company or external institutions to maintain operations.
• 😀 The Fiscal Department (Departamento Fiscal) handles tax compliance, including calculating, reporting, and paying taxes, such as income tax and sales tax.
• 😀 Due to complex and frequently changing tax laws, the Fiscal Department must stay updated and ensure all taxes are paid accurately and on time to avoid penalties.
• 😀 The Accounting Department (Contabilidade) is responsible for producing financial reports such as balance sheets, income statements, and cash flow statements. It ensures the company's financial operations are compliant with regulations.
• 😀 Management Accounting (Controladoria) focuses on operational efficiency and decision-making by analyzing costs, revenues, budgets, and capital expenditures (CapEx). It provides insights for management to make informed decisions.
• 😀 Risk Management (Gestão de Riscos) involves a committee that assesses various risks, such as operational, financial, and reputational, and formulates strategies to mitigate them.
• 😀 Companies regularly review risks and take proactive measures to avoid potential threats to their operations or reputation.

Q & A

What is the primary responsibility of the accounts payable department in a company?

The accounts payable department is responsible for making payments to suppliers on time and for the correct amounts, while following company policies and procedures.

How does accounts payable manage late payments?

If payments are not made on time, accounts payable can either pay the associated fines and interest or contact the supplier to request a new invoice without penalties, depending on the situation.

What is the role of the accounts receivable department?

The accounts receivable department is responsible for managing incoming payments, offering credit to clients, and determining credit limits. It also ensures that payments are correctly recorded and applied to customer accounts.

Why is the treasury department crucial for a company's financial health?

The treasury department ensures the company's liquidity by managing cash flow across different bank accounts. It also handles the movement of funds, such as transferring surplus money to other accounts or obtaining credit when funds are low.

What does the fiscal department handle in a company?

The fiscal department is responsible for the calculation, reporting, and payment of both direct and indirect taxes, including taxes like ICMS, IPI, and Income Tax. It also manages compliance with various tax obligations and regulations.

What is the difference between accounting and controlling in a company's finance department?

Accounting focuses on historical financial data, such as financial statements and audits. In contrast, controlling looks forward, focusing on operational efficiency, budgeting, forecasting, and providing management with detailed information for decision-making.

How does the accounting department contribute to a company’s operations?

The accounting department is responsible for maintaining accurate financial records, producing financial reports like balance sheets and cash flow statements, and ensuring legal compliance with accounting standards and regulations.

What is the main function of the controladoria (controlling) department?

The controladoria department focuses on analyzing the operational side of the business, such as costs and efficiencies, and provides management with key data for strategic decision-making and future planning.

How is risk management handled in a company?

Risk management is typically overseen by a committee, rather than a separate department. This committee evaluates various risks—operational, financial, legal—and determines actions to mitigate or manage those risks.

Why is the integration between the various financial departments important for a company?

The integration of various financial departments ensures that all aspects of the company's finances, from payments and receipts to risk management and compliance, are managed in a coordinated and efficient way, contributing to the overall financial health of the company.