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:
- 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.