The Finance functional area typically takes a dual role of reporting and proactive business partnership. While the financial accounting and reporting processes listed below are the “must have” in the Finance area, leading retailers leverage Finance to identify opportunities across the enterprise. This key business support role is supported by all components of the Retail Benchmarks model. Financial analysts should find value in the information of any model area which contains the business area or areas they support.
- Accounts receivable
- Accounts payable
- Cash control
- Merchandise Accounting
- Tax Accounting
- External Reporting
- Internal Reporting and Analysis
- Financial Planning