RSM100Y1 Chapter Notes - Chapter 17: Chief Executive Officer, Financial Plan, Tax Avoidance
Document Summary
Finance: the business function of planning, obtaining, and managing the company"s funds to accomplish its objectives as effectively and efficiently as possible. Financial managers are the executives who develop and carry out their firms financial plan and decide on the most appropriate sources and uses of funds. At the top of the finance organization of a firm is the chief executive officer (ceo). The chief financial officer reports to the ceo. In some companies, the cfo is also a member of the board of directors. Three senior managers often report directly to the cfo these three executives are commonly called the vice pres. of financial management (or planning), the treasure, and the controller. The vice president for financial management or planning is responsible for preparing financial forecasts and analyzing major investment decisions related to new products, The treasurer"s responsible for all the companies financing activities, including cash management, tax planning and preparation, and shareholder relations o.
