Why must a financial manager have an integrated understanding of the five basic finance functions? Why has the risk-management function become more important in recent years? Why is the corporate governance function considered a finance function?
Answer to relevant QuestionsWhat are the advantages and disadvantages of the different legal forms of business organization? Could the limited liability advantage of a corporation also lead to an agency problem? Why? prefer? What are the key provisions of the Sarbanes-Oxley Act of 2002? How has this act changed the way corporate America conducts business? What is operating cash flow (OCF)? How is it calculated? What is free cash flow (FCF)? How is it calculated from operating cash flow (OCF)? Why do financial managers focus attention on the value of FCF? Manufacturers Bank is evaluating Aluminum Industries, Inc., which has requested a $3 million loan. On the basis of the debt ratios for Aluminum, along with the industry averages and Aluminum’s recent financial statements ...What is the importance to an individual of understanding time value of money concepts? For a corporate manager? Under what circumstance would the time value of money be irrelevant?
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