Discuss the below:
1. USE THE LINK:
https://searchcenter.intelecomonline.net/playClipDirect.aspx?id=4870EEC7664070BB9D6744FDA7325EE4B73C695245AB5359E714CC89CDBB4388CEBED83D70C2689D943F65ECBE2F51E1
Important Financial Documents (3:19)
Description: This video looks at the fundamental financial documents every company needs, including the balance sheet, income statement and statement of cash flow.
Choose one of the financial statements and explain how a manager would use the statement to drive financial analysis and decision-making. Your post must be 200-250 words in length.
2. Summarize the role of management as it relates to finance in a corporation. In your post, address the following:
• Indicate the various aspects of finance that management must understand.
• Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency.
• Describe why cash flow is more important than sales in a business.
• Discuss what could happen if management does not fulfill responsibilities related to finance. If you have one, share a real world example from your own professional experience or from an external source.