Back office

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Revision as of 14:49, 11 April 2018 by imported>Doug Williamson (Rationalise title of link to Treasurer article.)
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1. Corporate treasury

The part of the treasury organisation that administers and supports the trading activities of the treasury front office.

The back office’s main functions are to process, confirm, verify, settle, reconcile and record financial market transactions.

The back office is also responsible for ensuring that the organisation’s treasury management policy and controls are followed, as well as ensuring general compliance with rules and regulations.

In a more general sense, the term refers to all administrative functions that support an organisation and includes areas such as payroll and expenses, accounts payable, accounts receivable and accounting.


2.

The parts of organisation which administer and support its customer-facing activities ('front office').

Back office activities include administration, record-keeping, payments and receipts, and accounting.


See also


External links

Masterclass: Segregation of duties, Sarah Boyce, The Treasurer