1.4 The Finance Manager and Financial Management
As noted, we generally define financial management activities as those that create or preserve the economic value of the assets of an individual, small business, or corporation. In a company, many different individuals perform these activities at many different levels. A chief financial officer (CFO) oversees all the company’s financial activities, such as determining the best repayment structure for borrowed funds, which ensures that the company meets its debt obligations in a timely fashion and still has sufficient cash for its daily operations. Beyond the CFO, everyone in the corporation—from the person who decides where to advertise the company’s products or services to the person who decides ...
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