Roles of a financial manager.

Ephy

Well-known member
A financial manager plays the big role in the business here are some of the most important things financial manager plays:-

1. Raising capital
A financial manager estimates the amount of capital required in the business in order to run. After that he or she goes around to look where the capital will come from if it's his business then he'll be the one looking for the capital but if employed he or she raises the capital from the owner of the business.

2. Choice of sources of funds.
The financial manager determines whether the funds comes from business owners, loan, family, friends or even sponsors.

3. Utilization of funds.
Here he/she decides on how the funds are going to be used and comes up with the budget of the products to be bought including the assets and expenses in the business.

4. Planning of profits and surplus.
Financial manager determines how the profits we'll be used if it's to expand the business or be used for other purposes.

5. Financial control.
The financial manager is the one handling all the capital that gets into the business anything involving money he/she is the one who decides on how it should be used and accounts everything even a cent.
 

KIP254

Member
A financial manager plays the big role in the business here are some of the most important things financial manager plays:-

1. Raising capital
A financial manager estimates the amount of capital required in the business in order to run. After that he or she goes around to look where the capital will come from if it's his business then he'll be the one looking for the capital but if employed he or she raises the capital from the owner of the business.

2. Choice of sources of funds.
The financial manager determines whether the funds comes from business owners, loan, family, friends or even sponsors.

3. Utilization of funds.
Here he/she decides on how the funds are going to be used and comes up with the budget of the products to be bought including the assets and expenses in the business.

4. Planning of profits and surplus.
Financial manager determines how the profits we'll be used if it's to expand the business or be used for other purposes.

5. Financial control.
The financial manager is the one handling all the capital that gets into the business anything involving money he/she is the one who decides on how it should be used and accounts everything even a cent.
Thanks for the information. Honestly financial manager is the key to any failure or success of any business.

A financial manager plays the big role in the business here are some of the most important things financial manager plays:-

1. Raising capital
A financial manager estimates the amount of capital required in the business in order to run. After that he or she goes around to look where the capital will come from if it's his business then he'll be the one looking for the capital but if employed he or she raises the capital from the owner of the business.

2. Choice of sources of funds.
The financial manager determines whether the funds comes from business owners, loan, family, friends or even sponsors.

3. Utilization of funds.
Here he/she decides on how the funds are going to be used and comes up with the budget of the products to be bought including the assets and expenses in the business.

4. Planning of profits and surplus.
Financial manager determines how the profits we'll be used if it's to expand the business or be used for other purposes.

5. Financial control.
The financial manager is the one handling all the capital that gets into the business anything involving money he/she is the one who decides on how it should be used and accounts everything even a cent.
Financial manager plays a big role in the business. The key to any business failure or success depends on the financial manager. If the person is trustworthy and good in accounting then it's very easy for any business to succeed. But some are greedy end up making the business to collapse making it a failure to themselves or there bosses.

The growth of a business depends on how the profits are utilized but if spent anyhow then the business is likely not to expand or expand at a very low speed but if there is any competition around its more likely not to expand but it can fail or remain just the way it is therefore the key to success depends on how much careful the financial manager is.
 

Seyesystem

Well-known member
Financial managers are very important in every organisations because they handle the finances of the organisation.
Finance is an essential and indispensable part of any Business. It is difficult for organizations, whether profit-making or otherwise, to sustain themselves without proper finances. Not just that, the efficient management of these financial resources is essential to be sustainable and viable in the long-run. Financial manager in every organisation holds very key position in the organisation because they manage the financial resources entrusted on them in the organisation.Financial management refers to the effective and efficient planning, organizing, directing and controlling the financial activities and processes of an organization. This includes but is not limited to fund procurement, allocation of financial resources, utilization of funds. For an organisation to be very successful is financial manager must be proactive and prudent in dealing with the finances of the organisation.
 
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