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The Role of Financial Management in a Firm Examine the role of management as it relates to finance in a corporation. In your post, discuss the role of management by addressing the following prompts:...

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The Role of Financial Management in a Firm

Examine the role of management as it relates to finance in a corporation. In your post, discuss the role of management by addressing the following prompts:

  • Explain the various aspects of finance that management must understand.
  • Describe why a manager needs to understand the characteristics and importance of financial markets including their liquidity, competitiveness, and efficiency.
  • Interpret the function of the Financial Balance Sheet in assisting in management’s decision making process.
  • Discuss what could happen if management does not fulfill responsibilities related to finance. Share a real world example from your own professional experience or from an external source.

Your post should be XXXXXXXXXXwords in length.

Answered Same Day Jul 02, 2021

Solution

Shakeel answered on Jul 03 2021
150 Votes
Different aspects of finance like rising of fund, allocation of resources, payment of dividends, inventory management, cash management etc must be understood by the management. Such financial aspects need to be well analyzed, thoroughly checked and continuously monitored for long term sustainability of business. Finance manager should well understand the financial market because here only, he can raise short and long term fund, make investment in different financial securities like equity, bond, government securities etc and can get...
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