Ephy
Active member
A financial manager plays the big role in the business here are some of the most important things financial manager plays:-
1. Raising capital
A financial manager estimates the amount of capital required in the business in order to run. After that he or she goes around to look where the capital will come from if it's his business then he'll be the one looking for the capital but if employed he or she raises the capital from the owner of the business.
2. Choice of sources of funds.
The financial manager determines whether the funds comes from business owners, loan, family, friends or even sponsors.
3. Utilization of funds.
Here he/she decides on how the funds are going to be used and comes up with the budget of the products to be bought including the assets and expenses in the business.
4. Planning of profits and surplus.
Financial manager determines how the profits we'll be used if it's to expand the business or be used for other purposes.
5. Financial control.
The financial manager is the one handling all the capital that gets into the business anything involving money he/she is the one who decides on how it should be used and accounts everything even a cent.
1. Raising capital
A financial manager estimates the amount of capital required in the business in order to run. After that he or she goes around to look where the capital will come from if it's his business then he'll be the one looking for the capital but if employed he or she raises the capital from the owner of the business.
2. Choice of sources of funds.
The financial manager determines whether the funds comes from business owners, loan, family, friends or even sponsors.
3. Utilization of funds.
Here he/she decides on how the funds are going to be used and comes up with the budget of the products to be bought including the assets and expenses in the business.
4. Planning of profits and surplus.
Financial manager determines how the profits we'll be used if it's to expand the business or be used for other purposes.
5. Financial control.
The financial manager is the one handling all the capital that gets into the business anything involving money he/she is the one who decides on how it should be used and accounts everything even a cent.