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What are the responsibilities of finance manager in an organization?
The responsibilities of a finance manager cover a wide range of complex financial tasks which are essential to an organization's success. Some of the important responsibilities of a finance manager include raising funds as necessary from the capital markets, ensuring adequate liquidity, forecasting and monitoring cash flow, investing excess cash, evaluating the capital structure to obtain the best balance between debt and equity funding, providing guidance to management on the amount of dividends that should be paid, capital budgeting, and identifying potential business and operational risks.
Authority of finance manager?
A finance manager is responsible for everyone in the finance department. They are also responsible for creating budgets for the organization.
Difference between Finance Manager and Marketing manager?
Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers. Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers. Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers.
What type of work generally financial managers does?
The role of finance manager in the company is an important one. The function of the finance manager is not confined to the management and making of the accounts but it also plays a major role in dividend decisions, capital budgeting decisions, capital structure outlay of the firm, decision related to the merger and acquisitions, and all the investment decisions of the firm. Thus the finance manager plays an important role in any business enterprise.The different decisions can be classified into:# The routine working capital and cash management decisions. # Dividend decisions # Investment decisions # Financial forecasting # International financial decisions # Portfolio management # Risk management # Cash management while the dividend decisions are related to deciding the amount that is to be distributed to the shareholders, the investment decisions relate to the investment that the company makes in different projects so as to expand the business and improve its profitability. The finance manager here appraises the various projects and judges their profitability. The manager also decides how much capital should be employed in the project and which sources are the best for financing the project. Such decision also extends to the investments in the foreign and the local market which requires a thorough knowledge of the market trends thus the role becomes important.The top management takes the advice of the finance manager for the capital structure outlay of the firm.On the monthly and yearly basis the manager looks into the inventory requirements, daily cash requirements, and the objectives of the firm and then plans a budget accordingly for different departments so that they receive optimum amount to carry out the activities and achieve the business objectives.On the basis of the previous year budget utilization, different reviews and study reports prepared by the research department, finance manager prepares a budget and allocate the recourses for the coming year.With globalization the role of finance manager is not confined to the regional boundaries but has spread to the activities involving taking the decisions regarding mergers and acquisitions, establishing of the subsidiaries and investing in the foreign markets. Here the finance manager looks into the profits that the business can generate from establishing the subsidiary, what should be the capital outlay of the firm, what tax benefits the firm can avail by establishing and expanding into the foreign market?A finance manager thus not only acts as a person maintaining the accounts but also plays a major role in the management of portfolio, risk, cash and capital.
Salary for finance manager in Liberia?
Finance Officer or Finance ManagerThe salary of a Finance Officer or Finance Manager should be 10,000 per month.Along with 30,000 of bonus every year.A.H.Shekar
What are the finance functions of a financial manager in current scenario?
what are the finance functions of a financial manager in current scenario?
How much does a finance manager earn?
Who is the finance manager,"The one who is responsible about the Financial management of any organization,capital budgeting, cash inflows outflows policy maker etc" and every employee in the company has a fix remunertaion that an employee gets againt its services,any how finacne manager also gets the salary in the same way.
What has the author Lawrence M Krackov written?
Lawrence M. Krackov has written: 'The practical financial manager' -- subject(s): Capital market, Corporations, Finance
Being the finance manager of a company how will you make a financial forecasting?
Being the Finance Manager of a company how will you make a financial forecasting?
Role in finance manager managing in effective financial management in export oriented company?
what is the Role of Compay Finance Manager?
What are the determinants of the financial structure of a firm?
Financial Structure is the specific mixture of long-term debt and equity that a company uses to finance its operations. This financial structure is a mixture that directly affects the risk and value of the business. The main concern for the financial manager of the company is deciding how much money should be borrowed and the best mixture of debt and equity to obtain. The financial manager also has to find the least expensive sources of funds for the company to use. It is also referred to as capital structure. Capital structure as the name implies is one of the most puzzling issues in corporate finance literature. Capital structure basically can be referred to as a firm's financial framework. It is also seen a mixture of a variety of long term sources of funds and equity shares including reserves and surpluses of an enterprise The capital structure of a firm is very important since it related to the ability of the firm to meet the needs of its stakeholders. The capital structure of a firm explains the ways in which a firm finances its investment and overall operations. It consists mainly of a combination of debt and equity as well as all other sources of finance such as retained earnings etc available to the firm Therefore, proportion of debt to equity is a strategic choice of corporate managers. Financial distress, liquidation and bankruptcy are the ultimate consequences that lie ahead if any major misjudgment occurred following any financing decision of the firm's activity. Thus, firms with high leverage need to allocate an efficient mixture of capital that will finally reduce its cost. Capital structure constitutes a substantial part of an organization and therefore is significant in a company's financial operations. More so, financing decisions of firms are very crucial for the financial wellbeing of the firm. Researchers have continued to analyze capital structures and try to determine whether optimal capital structures exist. An optimal capital structure is usually defined as one that will minimize a firm's cost of capital, while maximizing shareholder's wealth. The debate of optimal capital structure has been the focal point of the finance literature for previous several decades.
What is the post of a person in a company handling finance and admin?
Finance and administration manager
