Incidental Functions

Incidental Functions

Incidental functions are of routine nature. Many of these functions are supplementary of complementary to other decision making functions. Following are the commonly performed incidental functions:

• Custody and safeguarding securities, insurance and other valuable papers.
• Administration of pension and welfare plans.
• Maintenance of accounts, preparation of reports and evaluation of performance in financial terms.
• Follow up and improvement of mechanical details of financing terms.
• Supervision of cash receipts and payments.
• Administration of internal audit.
• Establishing financial public relations.
• Compliance with governmental regulations.
• Opening accounts and depositing funds in banks, management of petty cash and bank balances.