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Role of the Financial Manager The financial manager plays a variety of important roles in creating and maintaining an effective and successful financial management
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Running head: FINANCIAL MANAGER Role of the Financial Manager Fin 554 Role of the Financial Manager The financial manager plays a variety of important roles in creating and maintaining an effective and successful financial management organization including : a) Providing leadership in the cost-effective use of an organization's financial resources by employing effective general and financial management practices; b) Involving actively in organizational decision-making by providing timely and reliable financial and performance information and by analyzing the implications of this information in relation to the achievement of the organization's goals and objectives c) Ensuring that the organization's resources are protected from waste, fraud, and abuse by improving its accounting systems and internal controls(Gitman, 1986). The financial manager has an impact on shareholders and stakeholders of the corporation. Gregory (1998) stated, investors are willing to invest more with companies that hold management accountable to shareholders. The stakeholders include individuals who have a direct economic link...
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