The Role of Financial Management in a Firm

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The   Role of Financial Management in a Firm

Summarize the role of management as it relates to finance in a corporation.  In your post, address the following:

  • Indicate the various aspects of      finance that management must understand.
  • Describe why a manager needs to      understand the characteristics and importance of financial markets      including risk and efficiency.
  • Describe why cash flow is more      important than sales in a business.
  • Discuss what could happen if      management does not fulfill responsibilities related to finance.  If      you have one, share a real world example from your own professional      experience or from an external source.

Your post should be 200-250 words in length.
Guided Response: Review several of your classmates’ posts. Respond to at least two classmates’ by commenting on their example of management not fulfilling its responsibilities. Pose a question to spark discussion regarding what could have been handled differently.