COMMERCE 1E03 Chapter Notes - Chapter 17: Dividend Yield, Cashless Society, Debenture
28 Dec 2017
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Finance: the function in a business that acquires funds for the firm and manages them within the firm. Financial management: the job of managing a firm"s resources to meet its goals and objectives. Financial managers: managers who examine the financial data prepared by accountants and recommend strategies for improving the financial performance of the firm. In large and medium size companies accounting and finance functions are generally under the. Financial managers examine the financial data prepared by accountants and make recommendations to top executives regarding strategies for improving the financial strength (also known as health) of the organization. Financial management is the job of managing a firm"s resources so that the firm can meets its goals and objectives. A key responsibility is to obtain money and then control the use of that money effectively. Put another way, financial managers are responsible for seeing that the company pays its bills.
