The Financial Manager - 895 Words

The financial manager has a critical role in the organization. This position must be able to adapt to unique and often stressful situations. They must have good leadership skills and build confidence within the organization that the decisions made are correct. They often have to wear multiple hats at a time and provide structure to chaotic situations. This position should display leadership, empathy, emotional intelligence and have a solid understanding of accounting. Their accounting background should enable them to distinguish and understand all types of financial reports and statements and they should have short and long term projections for the company. In addition, within the health care industry they must be able to understand coding, billing and payer structure to ensure the revenue cycle has viability. They will review, understand and set FTE’s, manage personnel and establish, implement and evaluate financial strategies. In addition, these individuals must be a ble stewards of the organization. They have to be ethical, set policy/procedures and clear a path for efficient and effective operations. They evaluate information, make decisions implement the decision, evaluate the results, adjust and implement the new course of action (Cleverley, Cleverley Song, 2010, p 4). Also, they maintain compliance with all state and federal regulations. The financial manager has a wide range of responsibilities to ensure the organization is viable. The primaryShow MoreRelatedRole of the Financial Manager1139 Words   |  5 PagesRole of the Financial Manager Paper Introduction Shareholders own companies and are therefore entitled to a return on their investments when the companies are performing well. It becomes the financial managers role to ensure that shareholders are receiving a maximum return on their investment. This project will concentrate on defining the different roles and objectives of financial managers in their attempt to maximize shareholder value. Furthermore, the viewpoint of stockholders will alsoRead MoreRole of Financial Manager1220 Words   |  5 Pagesthe Financial Manager The role of the financial manager has changed drastically during recent years. Previously, financial managers were seen as the stewards of the organization, since they were responsible to ensure the accountability of all organizational assets and to generate accurate financial reports. Today, their main goal is to maximize shareholder value. In order to achieve this goal, they have to be information managers, cost managers, controllers, consultants, and risk managers. HoweverRead MoreRoles Of A Financial Manager861 Words   |  4 PagesThe Roles of a Financial Manager are many, but their primary goal is to warrant growth of the proprietor’s wealth and to ensure maximum profit of the company. When a financial manager achieves his or her personal goals of a company, they too will be successful, (Moyer, et al, 2008). The decisions of financial managers are capital structure, working capital management and capital budgeting. A financial manager has to decide on the type of investments that the company should undertake (Siegel ShimRead MoreEssay On Financial Manager1360 Words   |  6 PagesBeing Financial Manager comes with laws and regulations for them to follow. These Laws and regulations for this job are going to be stated throughout this essay with when they were published and what they mean. The first act is the Federal Managers Financial Integrity Act, which was published on 2004 and protects financial managers, requires that the person in charge of the agency provides a statement of assurance on if the agency has met their requirement. It also requires businesses to controlRead MoreChallenges Faced By Financial Managers1396 Words   |  6 Pagesmajor issues Challenges posed to financial managers are both in the human assets in its framework and technological advancements. Human asset need extra aptitudes keeping in mind the end goal to satisfy its part. Hierarchical structure turns out to be more complex with enhanced procedures that consolidate innovation so as to gather, investigate and report critical monetary information required in the basic leadership handle. The exploration on how financial managers and their departments adjustmentsRead MoreBusiness Management : The Financial Manager Essay1277 Words   |  6 Pages2) Investment Decision: The financial manager is supposed to be able to decide between the most profitable investment portfolio that will reduce to exposure minimum the risk of finance and ensure maximum return to the enterprise owner(s). 3) Dividend Policy: The financial manager is responsible for deciding the dividend policy of the enterprise. In a small scale enterprise, the responsibility of the financial manager would include that of determining how to allocate the profit from the to the variousRead MoreThe Main Tasks Of A Financial Manager1549 Words   |  7 Pagesfinance exerts a significant impact on individuals as well as companies nowadays. Knowledge about finance fills so many books to equip financial managers to create more benefits for the company. As a financial manager, one primary duty is maximising the wealth of the firm by making correct decisions. This report will focus on the three main tasks of a financial manager, name investment decision, financing decision and dividend decision. Firstly, we will state our understanding of these terms in detailRead More Role of Financial Manager Essay657 Words   |  3 PagesWhen I think of a financial manager, accountant quickly comes to mind. The role of acc ountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently, make sure their records are accurate, and that their taxes are paid properly and on time. Accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients. They recordRead MoreThe Financial Manager Of The Healthcare Organization1588 Words   |  7 PagesAs the financial manager of the healthcare organization, I will review my management view and the specifics that are associated. I will delve into the stewardship components of my view as well. I will accumulate records for the financial operations of the organization and delve specifically into what those pieces are and how I would use those. I will explain the tools that I would utilize in order to explain the financial documents. And lastly, I will delve into the process I would follow for borrowingRead MoreFinancial Ratios and Division Managers2025 Words   |  9 Pagesboss might need to talk to her and explain the solution for her. This problem can be final dealt by clocking-in and clocking-out even time for lunch hours. B) Division managers are padding cost estimates so as to show short-term efficiency gains when the costs come in lower than the estimates. Agency Problem: Division managers use their authority to mislead information and a problem exists when management and stockholders have conflicting ideas on how the company should be run in short-term. It