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There are 4 key roles in any organization in present day scenario:
Steward -- control over assets of the organization
Operator -- creates strategic framework to monitor the efficiency of finance process
Strategist -- acting as a strategic advisor to align the organizational goals
Catalyst -- acting as change agent to execute and monitor necessary changes to achieve the overall strategic objectives of the organization
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What are the finance functions of a financial manager in current scenario?
what are the finance functions of a financial manager in current scenario?
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.
how does the modern financial manager differ from the traditional financial manager Does the financial managers role differ for large diversified form and the small medium size firm?
A modern finance manager is totally different from traditional finance manager. Initially the finance manager was concerned and called upon whenever funds were required by the firm. The traditional finance manager was given a target amount of funds to be raised and was given the responsibility of procuring these funds. So, his function was for raising the funds only. Once the funds were procured his function was over. However, over a period of time, the scope of his function is tremendously widened. His presence at present is required at every moment whenever the decision involving funds is to be taken. The functions of traditional finance manager are: Overall financial planning and control Raising funds from different sources Selection of fixed assets Management of working capital Any other financial event While performing these functions the scope of finance manager increased from traditional to modern and so has their working. Today, a modern finance manager has to operate a link between firms operations on one hand and the capital market on other hand. The role of finance manager as an intermediary arises because of two way cash flows between the firm and the investors in the first instance the investors provide funds through capital market to the firm and second, the firm distributes profit among the investors in the form of interest or dividends. So the finance manager has to take care of the interest of the investors as well as the firm. While performing these functions, he is required to take different decisions which can be broadly classified into 3 groups: Investment decision: Firms has scarce resources that must be allocated among competitive uses. The investment decisions include not only that create revenues and profits but also those that save money. Financing decision: Financing decision deals with the financing pattern of the firm. As a firm makes decisions concerning where to invest these resources they also have to decide how they should arise resources. There are 2 main sources of finance- a. The shareholders funds b. Borrowed funds The borrowed funds are always repayable and the shareholders funds are not repayable. Dividend decision: Another major area of decision making by a finance manager is dividend decision. It deals with appropriation of profits after tax. These profits are available to be distributed among the shareholders or can be retained by the firm for reinvestment within the firm.
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?
What is the abbreviation of Assistant Manager Finance?
deputy
What are the finance functions of a financial manager in current scenario?
what are the finance functions of a financial manager in current scenario?
What is role of finance manager?
A finance manager is responsible for functions that include all aspects of the finances of a company or organization. This can include payroll, cash flow, and investments. Their actual duties can vary with each company.
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.
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 functions and powers of the general manager?
What are the functions and powers of the General manager?
how does the modern financial manager differ from the traditional financial manager Does the financial managers role differ for large diversified form and the small medium size firm?
A modern finance manager is totally different from traditional finance manager. Initially the finance manager was concerned and called upon whenever funds were required by the firm. The traditional finance manager was given a target amount of funds to be raised and was given the responsibility of procuring these funds. So, his function was for raising the funds only. Once the funds were procured his function was over. However, over a period of time, the scope of his function is tremendously widened. His presence at present is required at every moment whenever the decision involving funds is to be taken. The functions of traditional finance manager are: Overall financial planning and control Raising funds from different sources Selection of fixed assets Management of working capital Any other financial event While performing these functions the scope of finance manager increased from traditional to modern and so has their working. Today, a modern finance manager has to operate a link between firms operations on one hand and the capital market on other hand. The role of finance manager as an intermediary arises because of two way cash flows between the firm and the investors in the first instance the investors provide funds through capital market to the firm and second, the firm distributes profit among the investors in the form of interest or dividends. So the finance manager has to take care of the interest of the investors as well as the firm. While performing these functions, he is required to take different decisions which can be broadly classified into 3 groups: Investment decision: Firms has scarce resources that must be allocated among competitive uses. The investment decisions include not only that create revenues and profits but also those that save money. Financing decision: Financing decision deals with the financing pattern of the firm. As a firm makes decisions concerning where to invest these resources they also have to decide how they should arise resources. There are 2 main sources of finance- a. The shareholders funds b. Borrowed funds The borrowed funds are always repayable and the shareholders funds are not repayable. Dividend decision: Another major area of decision making by a finance manager is dividend decision. It deals with appropriation of profits after tax. These profits are available to be distributed among the shareholders or can be retained by the firm for reinvestment within the firm.
Role in finance manager managing in effective financial management in export oriented company?
what is the Role of Compay Finance Manager?
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 of financial manager in a modern enterprise?
The finance manager handles finance. The role of finance manager is pivotal. He can change the fortunes of the organisation with proper planning, monitoring and timely guidance. Equally, if the manager is not competent, even a profitable organisation may dwindle or even sink. The finance manger is, now, responsible in shaping the fortunes of the enterprise. The role of finance manager, in a modern business, is pervasive in all the activities of business firm, including production and marketing. It has been rightly said, money begets money. Business needs money to make more money. However, business can make money, when it is properly managed. The financial history is replete with stories how even the profitable organisations were wound up, when the management of finance had turned bad due to mismanagement of financial affairs. It is misunderstood, in some corners, that the role of finance manager is important only in private organisations. It is not so. His role is important, both in private and public sector. He has a positive role to play in every type of organisation. Even in non-profit making organisations, his role exists as long as there is involvement of funds. Influences Fortunes of Firm: The history of failures of organisations is interesting. Many firms have failed, not because of inefficiency of production, inability in marketing or nonavailability of funds but due to the absence of competent finance manager. In many public sector undertakings, in particular, state government undertakings, importance is given to the appointment of peons, more than adequately, but not to the appointment of competent professional manager in finance, even after lapse of several years. That is the real secret of numerous lossmaking organisations, in public sector! Over the years, the picture has been changing, but only after the real damage has already occurred in those public sector undertakings, due to the nonappointment of professional finance managers, at the time of formation of those undertakings.14 Financial Management In several public sector undertakings, the presence of competent finance manager is often found inconvenient. A finance manager can not play any significant role in the public sector, unless he is allowed to play. Exists Everywhere: The role of finance manager, in modern times, can be well said, universal and pervasive. Hardly, we find any activity, which does not involve finance. Even entertainment in a firm requires financial management due to financial implications. In modern business, no decision is taken without the consultation of finance. Even in recruitment, the presence of finance representative has been a normal feature manager. Only the level of finance representative changes, dependant upon the status of position for which recruitment is held. At times, people working in other departments feel that the finance manager has been interfering in all matters, unconnected to him. It is due to inadequate understanding of the role and expectations expected of him in modern business. The finance manager can, definitely, contribute to the overall development of the organisation provided he is competent and allowed to perform his functions, independently. In his new role, the finance manager must find answers for the following three questions, again in the words of Solomon: • How large should an enterprise be, and how fast should it grow? • How should the funds be raised? • In what form, should the firm hold its assets? To sum up, finance functions or decisions include the following important areas, where the finance manager has to contribute: • Investment decision or long term asset-mix decision • Finance decision or capital-mix decision • Liquidity decision or short-term asset mix decision • Dividend decision or profit allocation decision The main objective of all the above decisions is to increase the value of the shares, held by the equity shareholders. The finance manager has to strive for shareholders' wealth maximisation. While discharging the functions, the finance manager has to focus his attention on the following aspects to maximise the shareholders' wealth: 1. Procuring the funds as and when necessary, at the lowest cost, 2. Investing the funds in those assets, which are more profitable, and 3. Distributing the dividends to the shareholders to meet their expectations and facilitate expansion to achieve the long-term goals of organisation.
What are the functions of a hotel general manager?
1. The functions and the role of a hotel general manager.
What is the post of a person in a company handling finance and admin?
Finance and administration manager
