Wednesday, February 17, 2010

Responsibilities of financial managers

Responsibilities of financial managers
The financial manager’s task is to make decisions concerning the acquisition and use of funds for the greatest benefit of the firm. Some specific responsibilities are as follows:
1. Financial managers use forecasting and playing to shape the firm future position.
2. Financial managers make major investment and financing decisions.
3. Financial managers co-ordinate and control when interacting with other executives so that firm operates as efficiently as possible.
4. The financial manager must deal with the financial markets. In sum, the central responsibilities of the financial manager relate to decisions on investments and now they are financed. In the performance of these functions, the financial manager’s responsibilities have a direct bearing on the key decisions affecting the value of the firm.

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