FROM THE PHOTO PROVIDED, ANSWER THE FOLLOWING:NOTE: THE ANSWERS MUST BE RELATED TO THE PHOTO PROVIDED. DO NOT USE OTHER SOURCES.A) What is the primary role of a financial manager?B) What is the best part of being a financial manager?C) How does a financial manager affect the firm’s overall strategy? Let's look at what a financial manager does and what are the goals of the corporation businessfinance is really just a name for corporate finance what What does a corporation do what are themain jobs of the financial manager in a corporation there are three main tasks that the financefunction has what long-term investments should the firm make that the capital budgetingdecision where will we get the financing in order to pay for the investment that the firm wants tomake that's the financing decision and how will the firm manage everyday financial activitiesthat's the working capital decision a firm needs to invest in something it could be somethingphysical it could be human capital and they need money to pay for that investment that moneytypically will be in the form of debt from bondholders creditors debt holders or equity where theshareholders put in money to give the firm it's needed capital some examples of working capitalmanagement who should we sell to on credit how much inventory should we carry how are wegoing to pay our suppliers that's the day-to-day management of the firm and the working capitaldecision the top financial manager is the CFO chief financial officer sometimes the CFO is incharge of both the Treasury function and the controller functions sometimes they're separateand again this explains the treasurer is the one who handles cash and credit management?accounting for that capital expenditures deciding on the capital expenditures financial planningthe controller function is more of an accounting function looking at taxes accounting and dataprocessing more and more the finance function is becoming a profit Center more CFOs areexpected to make money in their particular function for example through exchange rateshedging exchange rates hedging commodities in other words placing bets on what prices aregoing to be and protecting the company from price increases or price decreases that might hurtthe company more CFOs are becoming CEOs and in general the finance function is becomingmore challenging for many now one of my favorite stories was a new the story in CFO magazinewhich by the way is a great magazine that is free it said the headline was to make investorshappy to hire a woman as CFO there was a study at Boston College that found that acquisitionsand secondary equity offerings when an existing company issues more new equity acquisitionsand secondary equity offerings by companies with female CFOs had higher stock prices thanthose companies that had a man as CFO so again who knows why that result happens the thearticle ended by saying male CFOs we contacted said they really aren't in touch with how theyfeel about that now

The employees will be supplied with their requirements, and the management will address the…

Answered: A) What is the primary role of a…

A) What is the primary role of a financial manager? B) What is the best part of being a financial manager? C) How does a financial manager affect the firm’s overall strategy?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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