Role of Financial Manager

Essay specific features

 

Issue:

Business

 

Written by:

Larry M

 

Date added:

September 20, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1176

 

Was viewed:

4289 times

 

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Essay content:

In order to achieve this goal, they have to be information managers, cost managers, controllers, consultants, and risk managers. However, there are critics that disagree with this shareholder value approach. Instead, in order to ensure long-term sustainability, financial managers should be focusing on the stakeholder value...
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Traditionally, the financial manager's role was that of a steward, being mainly involved in managing financial accounting, reporting, and cost controlling. The manager was also responsible to ensure proper policies compliance. With the increasing complexity and competitiveness of the business environment, the key role of financial managers today is to maximize shareholder's value, and financial managers are required to take on more proactive roles of leadership and consultation in nature (Catanach, 1999)...
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