BUS 401 - BUS 401 Week 1 DQ 1 The Role of Financial Management in a Firm (New)
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.
Your post should be 200-250 words in length.