What are the responsibilities of financial manager?

Answer Posted / cheruiyot peter kimutai

1. Investment Decision
2.Finance Decision
3.Divivdent decision
4.Working Capital Decision etc.
Since the Financial Management is the subject that bridges
the gap between the investors of fund and the saves of the
fund, so is the role of financial manager in an
organisation.
The key responsibilities of Financial Manager in an
Organisation are:
1) Arrangement of Short Term and Long Term funds i.e,
working capital and term loan for the survival of a
particular project.
2) To make decisions regarding the financial feasibility of
projects (by checking the Net Present value or Discounted
Cash Flows of a particular project)
3) To focus on the Cost Minimisation and Profit
Maximation.prepare (1)cash flow statement
(2)profit and loss a/c
(3)balance sheets
the financial manager has to deal with-
(1)anticipation of funds(capitalisation)
(2)anticipation of fund(raising of fund)
(3)allocation of fund(investment decision)
(4)assessment of fund(evaluation of financial
activities)

Is This Answer Correct ?    83 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Base Rate?

648


Which scheme is now merged with National Food for Work scheme?

667


What Is Efficient Market Hypothesis?

687


Critically examine the importance and methodology of case study. What are its merits and limitations?

1533


Eplain the terms of any recent merger which had taken place in India.(*****)Please any one know about this explain.

2022






What do you know about FII, FDI and FII?

607


What do you understand by overdraft?

587


what is the role of Actuarial Analyst in the insurance company?

626


What do you know about equity market?

671


What Are The Rights And Obligations Of The Buyer And Seller For The Call And Put Options?

630


What Are Redeemable Debentures.?

659


What is the acronym of 'mibor'?

630


What are your views on demonetization?

607


Name the biggest private bank in India? Who is the CEO?

643


How can you copy text from Tally

702