Financial Management started with an introduction to corporate finance and financial statement analysis, but the latter part of the course (discounted cash flows and security valuation) was centered around personal finance. Principles of Managerial Finance will revisit many of these topics from the perspective of the firm. In what ways do you think an understanding of managerial finance will help local line leaders, like the sales manager or the production manager, better perform their jobs?

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An understanding of managerial finance can greatly benefit local line leaders such as the sales manager or production manager in several ways 1 Resource Allocation Managerial finance provides insights ... View the full answer