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Question
What Does a Financial Manager Do?
What Does a Financial Manager Do?
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Solution
The role of a financial manager in a business enterprise is as follows:
- Prepare financial statements, reports and forecasts related to business activities.
- Supervise employees involved in financial reporting and budgeting
- Analysing market trends for expansion opportunities and acquisitions
- Review the financial statements of the company and seek to reduce costs
- Help the management in taking the necessary financial decisions.
- Monitor the financial details of the company to ensure all the legal requirements are fulfilled.
Stay connected to BYJU’S for more such questions and answers on various commerce topics.
The role of a financial manager in a business enterprise is as follows:
- Prepare financial statements, reports and forecasts related to business activities.
- Supervise employees involved in financial reporting and budgeting
- Analysing market trends for expansion opportunities and acquisitions
- Review the financial statements of the company and seek to reduce costs
- Help the management in taking the necessary financial decisions.
- Monitor the financial details of the company to ensure all the legal requirements are fulfilled.
Stay connected to BYJU’S for more such questions and answers on various commerce topics.
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