BU121 Study Guide - Final Guide: Biodegradable Bag, Canadian Labour Congress, Vagueness
Document Summary
The role of finance and the financial manager. Financial management: the a(cid:396)t a(cid:374)d s(cid:272)ie(cid:374)(cid:272)e of (cid:373)a(cid:374)agi(cid:374)g a (cid:272)o(cid:373)pa(cid:374)(cid:455)(cid:859)s (cid:373)o(cid:374)e(cid:455) so that is (cid:272)a(cid:374) (cid:373)eet its goals. Financial manager: tracks day-to-day operational data such as cash collections and disbursements to ensure that the company has enough cash to meet its obligations. Key activities of financial manager financial planning preparing the financial plan, which projects revenues, expenditures, and financing needed over a given period. Investing i(cid:374)(cid:448)esti(cid:374)g the (cid:272)o(cid:373)pa(cid:374)(cid:455)(cid:859)s fu(cid:374)ds i(cid:374) p(cid:396)oje(cid:272)ts a(cid:374)d se(cid:272)u(cid:396)ities that p(cid:396)o(cid:448)ide high (cid:396)eturns in relation to their risks: financing obtaining funding for operations and investments, seeking the best balance between debt and equity financing. To prepare a financial plan, the financial manager must first consider existing and proposed products, the resources available to produce them, and the financing needed to support productions and sales. Financial forecasts: projections of future developments within the firms such as sales forecasts.
