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Traditionally the function of the financial director would be to be considered a safe set of hands and to analyse the figures to be sure that everything was alright. Today's financial directors have a significantly different role in that they need to give you a wide range of support and help to the business in order to justify their position. Section of their job will be to set in position the people and systems that will enable them to gain the proper accounting information such as a balance sheet and loss and profit account. They are going to then analyse these to make important financial decisions to gain the company.

Some businesses will find that they can not justify the trouble of having the full time FD and will instead turn to those specialist organisations who is able to provide them with a part time financial director. This kind of service provides a flexible and tailored alternative for just about any business that cannot afford or does not want financial manager input on a regular basis.

A part time FD will do most of the work that a full time manager would do in that they will prepare the numbers in a manner that other directors, stakeholders and decision makers can understand but when they are desired they will provide these services just. They may be there to assist in the presentation of this material to anyone who needs to understand and also offer support and advice even though they are not physically at the office.

Any part time financial director that the company is supplied with will have several years' experience of the part and will have a history of turning around organizations that have experienced financial difficulty. Having a finance director who works on a part time basis as and when they are needed will give many small companies the chance to operate efficiently during times of economic recession as they will still have use of financial expertise as and when necessary but will not want to get in full time personnel.

Still another time when the services of a part time FD will be beneficial is if the company is undergoing an important change. Obtaining the support of a finance director is going to be invaluable through mergers and acquisitions. The accounts team can be also complemented by them during end of month or end of year accounting. study part time fd