BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm

BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm

The Role of Financial Management in a Firm

The Role of Financial Management in a Firm. Summarize the role of management as it relates to finance in a corporation. In your post, address the following:

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•  Indicate the various aspects of finance that management must understand.§
•  Describe why a manager needs to understand the characteristics and§ importance of financial marketsincluding risk and efficiency.
•  Describe why cash flow is more important than sales in a business.§
•  Discuss what could happen if management does not fulfill§ responsibilities related to finance. If you haveone, share a real world example from your own professional experience or from an external source. Your post should be 200-250 words in length.

Guided Response: Review several of your classmates’ posts. Respond to at least two classmates’ by commenting on their example of management not fulfilling its responsibilities. Pose a question to spark discussion regarding what could have been handled differently.

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