What are some of the responsibilities that financial managers must perform? And, why are these important?© BrainMass Inc. brainmass.com June 4, 2020, 12:49 am ad1c9bdddf
Financial managers assist firms in evaluating past performance, projecting future activity and requirements and analyzing which alternatives among viable options are the best choice for the firm.
Evaluating past performance is important because firms need to reward those that succeed and give feedback to managers about what worked and what didn't so that fruitful activity ...
This 260 word discussion is in everyday language suitable for novice and includes clear examples. Three responsibilities are discussed: (1) evaluating past performance, (2) projecting future activity and requirements, and (3) analyzing which alternatives among viable options are the best choice for the firm.