Financial managers: managers responsible for planning and overseeing the financial resources of a firm. Finance (corporate finance): the business function involving decisions about a firm"s long- term investments and obtaining the funds to pay for those investments. Collect funds, pay debts, establish trade credit, obtain loans, control cash balances and plan for future financial needs. Increase a firms value -> stock holders wealth. 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. Financial control: the process of checking actual performance against plans to ensure that the desired financial status is achieved. Financial plan: a description of how a business will reach some financial position it seeks for the future; includes projections for sources and uses of funds. Fin. managers must know in advance the amount of accounts payable to be repaid and when.