FUNCTIONS / RESPONSIBILITIES / CHALLENGES FACING THE FINANCE MANAGER
Today's finance manager is facing a lot of challenges, which are the direct result of the dynamic growth in the global business environment. Some of the basic functions and the challenges he /she is facing today include the following:
- Funds requirement decision (Financial planning & forecasting)
- Financing decision (selecting the sources of finance)
- Investment decision (Fixed assets Vs current assets)
- Dividend decision (rate, %, type of dividend, dividend payout ratio, dividend stability etc)
- Helping in valuation decision
- keeping proper liquidity
- Catching capital markets
- Ensuring flow of funds to every part of the organization
- Negotiating with bankers, financiers, creditors / suppliers etc
- Evaluating the financial performance of the company