2. Finance in an organizationCorporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financialposition in the organization and oversees several tasks.The CFO is not responsible for which of the following departments? Check all that apply.O AccountingO AdministrationO Human resourcesO MarketingCreditThe Sarbanes-Oxley Act, passed by Congress in 2002, requires CEOS and CFOS to certify that the firm's:O financial statements are accurateO balance sheet includes forecasted informationO financial statements are unbiased toward analyst expectationsO financial statements are audited

Financial management (FM) means managing all the activities related to funds whether raising the…

Answered: 2. Finance in an organization Corporate…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What are some of the responsibilities of the Chief Financial Officer (CFO)?
Please solve all boxes
From a perspective of this argument, expose a opinion of the preceding statement using the following guide questions. A crucial role of financial managers is in making financial decisions and exercising control over finances in the organization. They make use of techniques like ratio analysis, financial forecasting, profit, and loss analysis, among others.Imaging you are the CFO of a multinational corporation and part of your daily tasks are the making of financial decisions, and one specific of those decisions will boost this quarter earnings but will impact stock market value. What should you do? Implement your decision or modify it to halter the potential impact of stock value? Maximum length and format Four pages,
Which of the following statements are (is) most likely be false? 1. The principal goal of the financial manager is to maximize the wealth of the stockholders. II. One of the major functions of the board of directors is to develop long-term business strategies and goals. III. The agency problem exists primarily in companies of which common stock is closely held. IV. Key financial statements filed on Form 10-K are the balance sheet, income statement, statement of cash flows, and statement of retained earnings. V. The treasurer typically handles the accounting activities, such as tax management, data processing, and cost and financial accounting. VI. Financing decisions deal with the right-hand side (credit) of the firm's balance sheet and involve the most appropriate mix of liabilities and equity. O I, II, and IV only O III and VI only O IV, V, and VI only O III and V only
4. Match the description with its appropriate term. Group choices: a. Chief Financial Officer b. Financial Analyst c. Enrolled Agent d. Chief Executive Officer e. Controller f. Cash Managemnet Accountant Has responsibilities that include transferring monies between accounts and monitoring deposits? The corporation officer who has the overall responsibility of the management of a company? A corporate officer who reports to the chief executive officer and oversees all of the accounting and finance concerns of a company? The financial officer of a corporation reporting to the chief financial officer who is responsible for the accounting records and financial statements? A credential focusing on a career in taxation created by the IRS to signify significant knowledge of the US tax code? Someone who assists in preparing budgets, tracking actual costs and performs other tasks that support other management personnel in organizing forecasts and projections?
The following describes Financial Statements, except; * It is an art of recording, classifying, summarizing and interpreting of accounting transaction. A collection of summary-level reports about an organization's financial results which consists of four major financial reports. Financial information which is communicated by an enterprise to external parties Historical in nature but it all depends on management's judgement The objective of financial statement is to * know the financial status of the organization, whether the business is making profit or running at loss, and what corrective action to be taken. form a Private Finance Initiative (PFI) establishment. use accounting techniques such as marginal costing budgetary controls and standard costing. finance hire purchase.
What type of financial challenges is most important for Chief Financial Officers (CFOs) to address immediately?
Identify the term being referred to: A theory that states that shareholders will encourage the board of directors to declare as much dividends as possible so that only the minimum amount of cash is available to the entity. This is to prevent excessive spending by managers. *
Corporate managers work for the owners of the corporation. Consequently, they should make decisions that are in the interests of the owners, rather than in their own interests. What strategies are available to shareholders to help ensure that managers are motivated to act this way? Shareholders can do the following: (Select all the choices that apply.) A. Ensure that employees are paid with company stock and/or stock options. B. Write contracts that ensure that the interests of the managers and shareholders are closely aligned. C. Mount hostile takeovers. D. Ensure that all employees are paid a percentage of the company's revenue E. Ensure that underperforming managers are fired.

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