Role of financial management in a firm

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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:

Indicate the various aspects of finance that management must understand.
Describe why a manager needs to understand the characteristics and importance of financial markets including 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 have one, share a real world example from your own professional experience or from an external source.

Reference no: EM13822380

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