Financial decisions made by financial management
Summary
Financial managers are responsible for the financial health of an organization.
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Financial managers work in many industries, including banks and insurance companies. Most financial managers work full time, and many work long hours.
Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as loan officer, accountant, auditor, securities sales agent, or financial analyst.
The median annual wage for financial managers was $109, 740 in May 2012.
Employment of financial managers is projected to grow 9 percent from 2012 to 2022, about as fast as the average for all occupations. As with other managerial occupations, jobseekers are likely to face competition because the number of job openings is expected to be fewer than the number of applicants. Candidates with a master’s degree or certification should enjoy the best job prospects.
Compare the job duties, education, job growth, and pay of financial managers with similar occupations.
Learn more about financial managers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.
Financial managers perform data analysis and advise senior managers on profit-maximizing ideas.
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Duties
Financial managers typically do the following:
- Prepare financial statements, business activity reports, and forecasts
- Monitor financial details to ensure that legal requirements are met
- Supervise employees who do financial reporting and budgeting
- Review company financial reports and seek ways to reduce costs
- Analyze market trends to find opportunities for expansion or for acquiring other companies
- Help management make financial decisions
You might also like
25/08/2014Inmates in Beveren complain in open letter — Expatica Belguim
Some 17 inmates staying in the newly-opened prison building in Beveren (East Flanders) have written an open letter to complain about the living conditions. They write that the complex is not water proof, and that the prison guards behave like cowboys.
Yahoo Still Looks Promising After The Second Quarter Results — GuruFocus.com
These vital decisions taken by the management clearly hints at Yahoo's continued focus on giving people more reasons to visit the website for driving its display ad revenue in a positive direction.
