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Traditionally the function of the financial director will be to be a safe set of hands and to analyse the figures to make sure that every thing was fine. Today's financial directors have a significantly different part in which they need to offer a broad range of support and aid to the business in order to justify their position. Part of their role will be to put in place the people and systems that will enable them to gain the proper accounting information such as for instance a balance sheet and profit and loss account. They are going to then analyse important financial decisions to be made by these to benefit the business.

Some organizations will find that they can not justify the cost of having a full time FD and will as an alternative turn to those specialist organisations who is able to furnish them with a part time financial manager. This kind of service offers a flexible and tailored alternative for any business that cannot afford or does not need financial director input signal on a regular basis.

A part time FD will do all the work that a full time director would do in that they will prepare the numbers in a way that other directors, stakeholders and decision makers can understand but these services will be provided by them only when they are needed. They may be there to assist in the presentation of this material to anyone that has to know and also offer support and guidance even when they are not physically at the office.

Any part time financial director that the firm is supplied with will have many years' experience of the part and will have a history of turning around companies that have got into 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 access to financial expertise as and when necessary but will not need to get in full time personnel.

Another time when the services of a part time FD will be advantageous is if the business is undergoing a significant change. Obtaining the support of a finance director is likely 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