In recent years, companies have placed greater emphasis on their financial affairs or have prioritized the expansion and development of their financial matters. Some reasons for this may be changes in tax laws and accounting standards. It is also worth mentioning that companies have become more technically proficient
Financial matters are handled by the accounting staff and an accounting team employed by the company. Typically, there is one supervisor for every 5 employees in the finance department. In the finance department of Iran Tractor Manufacturing Company, the positions held for financial matters include financial manager, head of accounting, accounting supervisor, and accounting specialist. Other positions such as petty cash specialist, petty cash custodian, treasury specialist, treasurer, cashier, and archive specialist are also considered as side jobs in the finance department
Financial matters are handled by a financial manager or specialists and supervisors, where the financial manager, accounting supervisor, or accountant fully undertakes the financial matters. Every six months or a year, the performance of the company’s financial affairs is reviewed and reported by independent auditors to ensure compliance with auditing standards, accounting principles, and mandatory laws. Any non-compliance is identified and reported