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In: Finance

On a daily basis, the financial manager performs

On a daily basis, the financial manager performs

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Expert Solution

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers work in many places, including banks and insurance companies.

Financial managers increasingly assist executives in making decisions that affect the organization, a task for which they need analytical ability and excellent communication skills.

Financial managers typically do the following:

1.Prepare financial statements, business activity reports, and forecasts
2.Monitor financial details to ensure that legal requirements are met
3.Supervise employees who do financial reporting and budgeting
4.Review company financial reports and seek ways to reduce costs
5.Analyze market trends to find opportunities for expansion or for acquiring other companies

6.Help management make financial decisions

jeff jeffy answered 2 years ago
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