What are the responsibilities of financial manager?
Answers were Sorted based on User's Feedback
Answer / husam halawa
Mainly:
- Cash and Credit Management
- Profit and Wealth Maximization
- Minimizing Risks
- Financial Reports and Analysis
- Financial Planning and Budgets
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / santosh kumar patra
These are the basic responsibilities Finance Manager
1.Economically procurement of fund for the organisation as per the requirement.
2.Effectively utilize the above fund in a profitable way for which wealth maximization of shareholders can be achieved.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jamil
All financial activities relating to business nature of the
company have to be monitored.Keeping in mind not to be
below the breakeven point.And every proper excution to the
work assigned in budget.
Wide range of activities are assigned in the budget with
consent of the board of directors which are essential to be
executed accordingly.
He has to be alert towards execution of subordinate and
accountable to his senior.
Is This Answer Correct ? | 14 Yes | 14 No |
Answer / vikas gupta
A finance manager is very responsible person he has to
manage the fund
1. like he have a excess money he have to take the dicision
how much amt.where should be invest so that company can get
maximum rate of return
2.If he has a shortage of money than he has to find out
what is the sorces of fund with minimum rate of return
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / mohankumar
The Finance Manager is responsible for entire Fiance
Department, each and every Cash & Bank transactions is
responsible for Fiance Manager. These are the head of Fiance
department, he/she do Anticipation of Fund, allocation of
Fund, Acquisition of Fund and Assessment of Fund, He/She is
prepared Financial Statement , P & L , Balance Sheet,Cash
Flow & Fund flow, He Analyzing Fund & Investing fund,
raising fund due to pay the all Statutory Responsible at
time to time.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shanid puzhakkal adls
Financial managers oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop strategies and implement the long-term goals of their organization.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nana takyi
profit maximization
maximizing the wealthy of the shareholder
he is the head of the finace department and responsible for
all financial transaction
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / runumi borah
The Finance managers roles include following activities===
providing and interpreting financial information;
monitoring and interpreting cash flows and predicting future trends;
analysing change and advising accordingly;
formulating strategic and long-term business plans;
researching and reporting on factors influencing business performance;
analysing competitors and market trends;
developing financial management mechanisms that minimise financial risk;
conducting reviews and evaluations for cost-reduction opportunities;
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / usman
The Financial Manager is responisible for entire finance
department. Each and every transaction related to cash or
bank is responsible for Financial Manager. These are the
head of the Finance Department.
Preparation of Financial Statements like Profit and loss
accounts and Balance sheets.
main responsibilities are:
investment decision
finance decision.
profit maximisation and wealth maximisation
Is This Answer Correct ? | 10 Yes | 11 No |
Answer / md. kamrul hasan chowdhury
1)Company Performance Analysis
2)Cost benefit implimentation
3)Fund management activation
4)Comperative Analysis of financial statement
5)Fianacial decision making proposal
6)Supervision of fundamental financial activities
7)Oversee the shareholders advantages
Is This Answer Correct ? | 1 Yes | 2 No |
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