Question

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?

Answer 1

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.

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