Question

In: Finance

What are some of the tasks that financial analyst must do when working in travel agency?...

What are some of the tasks that financial analyst must do when working in travel agency?

(Please be detailed as possible.)

Solutions

Expert Solution

The tasks that financial analyst must do while working in travel agency are as follows :-

A financial analyst can do a task or work of compilation of various data or reports.

He provides back up support or works as a base with accounting coordinator he can judge all the functions of him .

He can also take actions or make plans about internal controls , cross checks of the working of the employees.

A financial analyst can obtain or maintain a understanding of the firm financials reporting.

He can also work to ensure that the financial plans are helpful for achieving goals.

He can ensure the validiness or reliability or data or accuracy at month quarter or year end.

He can check the financial status by comparing the standard or budgeted data to actual results and also compare with their competitors.

He can made a timely report to the managing director or board of directors etc.

He can also provide advise to the employees about the reporting or disclosure of various transaction.

He can also made a plan and implement time to time of new features to make better workflow or effectiveness in the employment working.

He also determines the cost that is incurred in working and also have a proper cost and revenue analysis.

He can also provides various recommendation to the employees for their effective working.


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