Financial manager

797 Words2 Pages

A financial manager does not only take care of the day to day accounting assignment, but is expected to be involved in every financial decision within the company. A financial manager will normally be seen working with other managers on matters that will affect the financial state of the company. He or she is not only a financial projection expert, but is also in charge with overseeing the finances of a company and carries out all strategic financial planning and reports, delivers statements and summarizes the company’s financial activity to stakeholders and other interested out and inside party’s. The financial manger holds authority over decisions such as, costs, payroll, investment, mergers and acquisitions. They also oversee employees who work in the financial department. Financial manager’s work in the private as well as the public sector and their work environment varies. They have different responsibilities depending on who they work for and how big the company they work for is. Financial attention is the foundation of all major business decisions, and finance managers are responsible for making sure that all financial obligations are being met. Planning the short term as well as the long term budget is needed, and companies need to be aware of the consequence of their decisions before they proceed. They have to ensure that financial practices are in line, they are expected to follow the rules set by the company, and they also have to follow national and local rules and regulations. It can result in some serious consequences if the rules and regulations aren’t followed.
The role of a corporate finance manager is to create value from the firm’s capital budgeting, financing, and net working-capital activities. They are ...

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...ral labor wage requirements, and Securities and Exchange Commission reporting in the company is a public corporation.” If these responsibilities aren’t being followed it can have some serious consequences for a company. Conducting business in a good ethical way is very important, and the importance of ethics has increased over the last couple of years. There’s a lot at stake, in order to gain the public’s trust a company needs to have a financial department who truthful and lawful.

Works Cited

Edmunds, S.A. (n.d.) “What Are the Functions of the Corporate Financial Manager?” retrieved from http://everydaylife.globalpost.com/functions-corporate-financial-manager-14164.html on 04/19/2014
Unknown, (n.d.) “Financial manager: job description.” Retrieved from http://targetjobs.co.uk/careers-advice/job-descriptions/279529-financial-manager-job-description on 04/19/2014

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