Fin 5409 corporate finance final exam 2014
1. Financial Planning: Financial planning is the primary function of a financial manager which involves setting objectives, analyzing current operations and resources, forecasting future needs and creating strategies for achieving those goals. For example, a financial manager may develop a budget to forecast income and expenses over the coming year.
2. Investment Management: Investment management involves researching potential investments and making decisions on how company funds should be allocated among different assets such as stocks, bonds, mutual funds or real estate. A financial manager may also monitor existing investments to ensure they are performing as expected and make any necessary adjustments if needed.
3. Risk Management: Risk management is an important function of a financial manager that requires anticipating potential risks associated with investment decisions or other business activities so that steps can be taken to mitigate potential losses before they occur. For example, a financial manager may develop policies or procedures to reduce the risk of fraud or establish contractual agreements with vendors in order to protect against non-payment of services rendered.
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