Concept
How does the financial manager support the firm’s overall strategy?
IntroductionToBusiness OP 8D04gAa / Summary of Learning Outcomes
"Finance involves managing the firm’s money. The financial manager must decide how much money is needed and when, how best to use the available funds, and how to get the required financing. The financial manager’s responsibilities include financial planning, investing, or spending money, and financing, or raising money. Maximizing the value of the firm is the main goal of the financial manager, whose decisions often have long-term effects."
Related Ideas
- How do financial managers contribute to a firm’s strategy and value?IntroductionToBusiness OP 8D04gAa · Introduction*
- What are the main responsibilities of a financial manager?IntroductionToBusiness OP 8D04gAa · 16.1. The Role of Finance and the Financial Manager*
- Why is maximizing the firm’s long-term value the financial manager’s goal?IntroductionToBusiness OP 8D04gAa · 16.1. The Role of Finance and the Financial Manager*
- Why is finance essential to every company’s overall strategy?IntroductionToBusiness OP 8D04gAa · 16.1. The Role of Finance and the Financial Manager*
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- What are the main sources of short-term and long-term business financing?IntroductionToBusiness OP 8D04gAa · Summary of Learning Outcomes
- What are the main sources and uses of short-term financing?IntroductionToBusiness OP 8D04gAa · 16.3. Obtaining Short-Term Financing*