Textbook Notes (368,116)
Canada (161,659)
MGTA01H3 (583)
Chapter 12

Chapter 12 notes.docx

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Management (MGT)
Chris Bovaird

Ch 12 Financial managers those managers responsible for planning and overseeing the financial resources of a firmFinance corporate finance the business function involving decision about a firms longterm investments and obtaining the funds to pay for those investments finance typically involves four responsibilitiesdetermining a firms longterm investmentsobtaining funds to pay for those investmentconducting the firms everyday financial activitieshelping to manage the risk that the firm takesoA financial managers overall objective is to increase a firms valueand thus stockholders wealth Financial managers must ensure that a company earnsa profitoThe various responsibilities of the financial manager in increasing a firms wealth fall into three general categories cash flow management financial control and financial planning Cash flow management managing the pattern in which cash flows into the firm in the form of revenues and out of the firm in the form of debt payments C
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