Indicate the various aspects of finance that management must understand.

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.


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