Aspects of finance that management must understand

Reference no: EM13821331

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.

Reference no: EM13821331

Questions Cloud

Explain the different types of users : Explain the different types of users of financial statements. What types of users can be found reviewing the financial statements? Be specific with your answers, include detail, and give examples.

Explain ways in which government is important participant : Identify and explain the major ways in which the government is an important participant in the labor relations.

Variation and statistical thinking strategy : Compare and contrast the fundamental differences between special-cause variation and common-cause variation. Provide one (1) business process example of each variation to support your response.

What are some of the drawbacks to outsourcing : PROJ 410: A project manager and a contract manager are both needed to administer a procured project or process. If you were the project manager, how would you work with the contract manager to ensure a successful procurement? what are some of the ot..

Aspects of finance that management must understand : 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 ..

Examine which components of homeland security : Examine which components of homeland security are responsible for defending against these two attacks. Evaluate actions the U.S. Department of Homeland Security should take to stop these attacks in the future.

Fundamental financial documents : View the Important Financial Documents video which looks at the fundamental financial documents every company needs; including the balance sheet, income statement, and statement of cash flow. In your post, choose one of the financial statements an..

Functions of the transport and network layers : What are some immediate differences in the two protocols? Does IPv6 provide operational improvement, as well as increased address space? How has/will IPv6 impact organizations, the Internet, and you at home?

What are unexpected situations that can cause disruptions : What are some unexpected situations that can cause disruptions in the classroom? For example: teacher has car accident or a school evacuation? What are your plans to get through these types of situations?

User Account

All Pages