FINANCIAL MANAGER

Jun 18th, 2015
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Almost every firm, government agency, and other type of organization employs one or more financial managers. Financial managers oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop strategies and implement the long-term goals of their organization.

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Almost every firm, government agency, and other type of organization employs one or more financialmanagers. Financial managers oversee the preparation of financial reports, direct investment activities,and implement cash management strategies. Managers also develop strategies and implement the longterm goals of their organization.The duties of financial managers vary with their specific titles, which include controller, treasurer orfinance officer, credit manager, cash manager, risk and insurance manager, and manager of internationalbanking. Controllers direct the preparation of financial reports, such as income statements, balancesheets, and analyses of future earnings or expenses, that summarize and forecast the organization'sfinancial position. Controllers also are in charge of preparing special reports required by regulatoryauthorities. Often, controllers oversee the accounting, audit, and budget departments. Treasurers andfinance officers direct their organization's budgets to meet its financial goals. They oversee theinvestment of funds, manage associated risks, supervise cash management activities, execute capitalraising strategies to support the firm's expansion, and deal with mergers and acquisitions. Creditmanagers oversee the firm's issuance of credit, establishing credit-rating criteria, determining creditceilings, and monitoring the collections of past-due accounts.Cash managers monitor and control the flow of cash receipts and disbursements to me

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