Highlight and discuss two of the biggest challenges facing financial managers today.

Two of the biggest challenges facing financial managers today include global market competition and regulatory compliance. With increased globalization companies are now operating in markets with a much greater level of complexity as they look to remain competitive against rivals from all around the world. This requires not only careful analysis & strategic planning on behalf of financial managers but also rigorous budgeting controls to ensure resources are used efficiently whilst still achieving desired outcomes.

The second challenge is keeping up with ever-changing governmental regulations. As laws & policies regarding finance continue to evolve it is important that financial managers stay up-to-date in order to avoid any issues arising out of non-compliance or negligence. Additionally, this can provide an extra layer of protection for shareholders by giving them confidence that their investments are managed according to the best practices in line with current regulations.

In conclusion, global market competition & regulatory compliance represent two major hurdles for today’s financial managers who must be mindful about how resources are allocated whilst ensuring organizational activities remain within set parameters at all times in order to achieve maximum return on investment without compromising ethical standards.