Assignment Details Utilizing either the company that you work for or a company that you are...

Assignment Details

Utilizing either the company that you work for or a company that you are familiar with, explain why that business needs a financial manager and the various functions of the financial manager.

Thinking about what you already know about finance, how does finance impact your personal life?

Solutions

Expert Solution

A business needs a financial manager in order to run its core processes financially healthily,efficiently and effectively. A financial manager performs a set of functions which includes the following :-

1.) Liaisoning with team leads across different verticals and make sure that the organizational financial health is in control actoss different key performance streams

2.) Making sure that the organisation meets the regulation currently required as per the law governing the economy

3) Analysing performance indicators and make sure that the targets are being met.

4. Target reporting my making consolidated sheets on a monthly basis

5.) Building relationships with different stakeholders including shareholders, creditors, government etc

6.) Managing thr budget across different projects efficiently and effectively

7) mantaining enough liquidity by controlling cash flows.

B) thinking about i i already know about finance, it impacts my personal life in a positive way as :-

1. Now i am more particular about my expenses knowing about the time value of money. Now i know how compounding is the 8th wonder of world.

2. Knowing about Corporate finance , i am more particular about investing in the right projects with NPV and IRR analysis.

3. I can truely connect with the things happening in the economy and their impact on the financial markets.

I hope this helps you.

Please press the like button

Took real efforts

Thanks & Regards ?

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

For this assignment you will either review an organization for which you currently work, or find...

For this assignment you will either review an organization for which you currently work, or find a case study to review. Write an essay, 1100-1400 words using proper APA formatting on the following How are each of the following issues addressed in the organization? Do you have any suggestions for improvements? Restrictive covenants such as non-competition, non-solicitation provision Access and use of technology resources Access and use of confidential and proprietary information Transfer of intellectual property work product Performance evaluation...

Assignment Details Prepare a report identifying the top-ranked ERP system where you work or for another organization...

Assignment Details Prepare a report identifying the top-ranked ERP system where you work or for another organization with which you are familiar. Using this template, conduct research for these major ERP suppliers: Infor, Microsoft, Oracle, Sage, and SAP. Based on your selected organization, assign a company priority level in the blue cells and a vendor capability level in the light gray cells and then the company's capabilities in the indicated cells. The company priority level is an indication as to whether or not the company needs the...

Identify and name a company that you have an interest in either because you work for...

Identify and name a company that you have an interest in either because you work for the company, you buy its products, or use its services. What type of social and environmental information do you think that company should disclose? Why do you think it should disclose that information? Do you think it should be mandatory for companies to report social and environmental information? Justify your responses.

Identify and name a company that you have an interest in either because you work for...

Assignment Details Scenario One of the possible reasons that hunters and gatherers do not work more...

Assignment Details Scenario One of the possible reasons that hunters and gatherers do not work more than they do may be to avoid overexploitation of their environment. Think about this: overhunting might allow people to feast for a few days, but over the long run, the effect would simply be to destroy the local game supplies. Hunters and gatherers also demonstrate less patriarchy and ownership taboos than industrial society members. You will explore these differences in a PowerPoint presentation for...

Submission Assignment 1 Assignment Details Chicago Furniture Company produces combination desk and chair sets for the...

Submission Assignment 1 Assignment Details Chicago Furniture Company produces combination desk and chair sets for the elementary schools in the Midwest. As the second quarter is progressing it is important for the controller to complete a budget for the third quarter. The sales department manager has provided the following forecast. July 8,000 desk combos August 8,700 desk combos September 7,600 desk combos October 8,700 desk combos November 8,800 desk combos In order to ensure Just-in-Time (JIT) deliveries are maintained in...

The company for which you work is contemplating either non-liquidating or liquidating distributions to its shareholders....

The company for which you work is contemplating either non-liquidating or liquidating distributions to its shareholders. As the tax accountant, you have been asked for your advice. 1. Which type of distribution would you advise the company to execute? 2. Provide your reasons for this advice and discuss the tax implications

Assignment Details This assignment has 4 parts. What questions do you have about the overarching Unit...

Assignment Details This assignment has 4 parts. What questions do you have about the overarching Unit 5 assignment? Although not due until the end of the class, it is important that you begin planning for this project early in the course. What are your initial thoughts about how you will approach this assignment? Explain. Using the product you chose in Unit 1 discussion board, List two features of the product and assess how they transform into benefits for you; determine...

For this assignment, you will devise a presentation that either proposes a product [broadly considered] or...

For this assignment, you will devise a presentation that either proposes a product [broadly considered] or a proposal to modify an existing product to make it better or more cost-effective. There are two types of proposal: internal and external. - Internal proposals are composed from within the organization and address a specific problem or need of the organization. - External proposals come from outside the organization and address a specific problem or need of the organization. These proposals are often...

Imagine you work for a multinational corporation and considering accepting an international assignment to work in...

Imagine you work for a multinational corporation and considering accepting an international assignment to work in the firm’s Tokyo branch for three years. The task you perform will be as similar to the one you perform in your own country, but will give you an international experience in which you believe may benefit your future career aspirations. You are single. Use the web to compare the cost of living in your home city with that of Tokyo (for items like...

Subjects