Discussion Post: The Role of Financial Management in a Firm
Summarize the role of management as it relates to finance in a corporation. In your post, address the following:
a) Indicate the various aspects of finance that management must understand.
b) Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency.
c) Describe why cash flow is more important than sales in a business.
d) 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.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.