Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers work in many places, including banks and insurance companies.
Financial managers increasingly assist executives in making decisions that affect the organization, a task for which they need analytical ability and excellent communication skills.
Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ideas to maximize profits. They often work on teams, acting as business advisors to top executives.
Prepare financial statements, business activity reports, and forecasts
Monitor financial details to ensure that legal requirements are met
Supervise employees who do financial reporting and budgeting
Review company financial reports and seek ways to reduce costs
Analyze market trends to find opportunities for expansion or for acquiring other companies
Help management make financial decisions
Answer:
DR. CR.
Inventory Premium $6,880
Cash $
6,880
Cash $
339,200
Sales $
339,200
Premium Expense $3,464
Inventory Premium $3,464
Premium Expense $1,624
Premium Liability $1,624
Explanation:
Inventory Premium = 8,600 x $0.80 = $6,880
Sales = 106,000 unit x $3.20 = $339,200
Premium Expense = (43,300/10) x $0.8 = $3,464
Premium Liability = (((106,000 x 60%) - 43,300) / 10) x $0.8 = $1,624
Answer:
directing and controlling.
Explanation:
The roles assigned to a management and control manager include coordinating a company's activities, as well as strategic and planning follow-up. It should identify the activities that need greater control, as well as help identify risks and continuous improvements in organizational processes for effective decision making.
Answer:
The ways a company's business units are organised
Explanation:
An organization structure refers to the way a company organizes its different departments or business units to accomplish its objectives. Each department performs its distinctive role, but they all work towards a common goal. Organization structures differ significantly from company to another.
The organization structure defines the ownership, authority, responsibility, and control in a company. The structure shows how authority and responsibility flow from shareholders to the junior officers. It also illustrates how departments and roles are interrelated.