Describe the duties of the financial manager in a business firm?
Financial managers calculate the firm's performance, define what the financial consequences will be if the firm keeps its present course or changes it, and suggested how the firm should make use of its assets. Financial managers as well locate external financing sources and suggested the most beneficial mix of financing sources, and they define the financial expectations of the firm's owners.
All financial managers should be able to communicate, analyze, and make decisions relies on information from several sources. To do this, they have the requirement to be able to analyze financial statements, forecast and plan, and define the effect of size, risk, and timing of cash flows.