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Work of the financial manager in a business firm

Explain the work of the financial manager in a business firm.

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Financial managers measure the firm's performance, decides what the financial effects will be if the firm sustains its current course or changes it, and advises how the firm should use its assets.  Financial managers also find out sources of external financing and suggest the most beneficial mix of financing sources, and they determine the financial expectations of the firm's owners.
All financial managers should be able to analyze and make decisions based on the data and information collected from many sources. To do this, they need to be able to analyze financial statements, forecast and plan, and determine the effect of size, risk, and timing of cash flows.

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