The Division of Business and Finance is responsible for the management of University fiscal, physical, and human resources, which include 239 structures totaling 6.2 million square feet on 1,607 acres at eight locations. Business & Finance is one of five major divisions within the University of Memphis, a public institution of higher education located in the heart of Memphis. Our 500 full-time employees provide service and support to approximately 23,000 students and more than 2,500 faculty and staff. Like other tech darlings before and after an IPO, Snap disclosed performance to the financial world for the first time. No surprise. The company has had growth surges that would cause any venture capitalist to swoon and has amassed over 100 million average daily users. Like many tech darlings, the company doesn’t make money. And in its IPO prospectus, it suggested it won’t make a dime at least for a few more years.
Checking the financial performance : The finance manager has to check the financial performance of the company. This is a very important finance function. It must be done regularly. This will improve the financial performance of the company. Investors will invest their money in the company only if the financial performance is good. The finance manager must compare the financial performance of the company with the established standards. He must find ways for improving the financial performance of the company.