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it is processed by the tax authorities. It is after this stage refund orders, if there is any, are generated and transmitted to the State Bank of India's CMP Branch in Mumbai, the income tax refund banker. The refund can be processed in two ways: direct credit and cheque.
We are here to perform your financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or a company's financial operations. We usually have a variety of administrative roles within a company's operations. In a smaller business, our role may consist of primarily financial data collection, entry and report generation. Middle to larger sized companies we will be as an adviser and financial interpreter, who may present the company's financial data to people within and outside of the business. Generally, we will also deal with third parties, such as vendors, customers and financial institutions.
We also prepare financial statements that may include monthly and annual accounts based upon the financial information that is compiled and analyzed. The preparation of financial management reports can include accurate quarterly and year-end closing documents. Reports compiled may be used in connection with the continual support and management of budgetary forecast activities. The financial reports may be used by a financial director or officer for the development, implementation and operation of a company's financial software and systems, such as Hyperion, Excel and CODA Financial Management.
Often, we work with financial professionals from the four major fields of the industries like public, management, internal auditing and government accounting. We also acts as a consultant, auditor and tax service professional. Corporations, nonprofits, organizations and governments use management accountants to record and analyze financial information of the businesses in which they are employed. We usually advise company executives, creditors, stockholders, regulatory agencies and tax personnel. We will also work with government officials who are examining and maintaining the financial records of the private business.