FIN 401 Chapter Notes - Chapter 1: Sole Proprietorship, General Partnership, Profit Maximization
Document Summary
Will you bring in other owners or will you borrow the money: how will you manage your everyday financial activities. Challenging tasks because changes in firm"s operations, and shifts in canadian global financial markets, mean that the best answers for each firm are changing, and sometimes quite rapidly. Increased volatility of interest rates: financial management function is usually associated with a top officer of the firm (cfo) Reports to president (coo) in charge of day-to-day operations. As businesses grow, there usually is a growing pattern among large companies to separate the roles of the chairman and ceo: vice president of finance coordinates the activities of the treasurer and controller. Controller handles cost and financial accounting, tax payments, and management information systems. The treasurer"s office is responsible for managing firm"s cash, its financial planning, and its capital expenditures. All related to the three financial questions.
