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The Role of Financial Management in a Firm

 

Examine the role of management as it relates to finance in a corporation.  In your post, discuss the role of management by addressing the following prompts:

•   Explain the various aspects of finance that management must understand. 

•   Describe why a manager needs to understand the characteristics and importance of financial markets including their liquidity, competitiveness, and efficiency.

•   Interpret the function of the Financial Balance Sheet in assisting in management’s decision making process.

•   Discuss what could happen if management does not fulfill responsibilities related to finance.  Share a real world example from your own professional experience or from an external source.

Your post should be 200-250 words in length.

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