Solved by verified expert :1.1 Define finance and the managerial finance
function.
1)
A financial analyst is responsible for maintaining and controlling the firm’s
daily cash balances. Frequently manages the firm’s short-term investments and
coordinates short-term borrowing and banking relationships.
2)
Finance is concerned with the process institutions, markets, and instruments
involved in the transfer of money among and between individuals, businesses and
government.
3)
Financial services are concerned with the duties of the financial manager.
4)
Financial managers actively manage the financial affairs of many types of
business-financial and non-financial, private and public, for-profit and
not-for-profit.
5)
The capital expenditures analyst/manager is responsible for the evaluation and
recommendation of proposed asset investments and may be involved in the
financial aspects of implementation of approved investments.
6)
The financial analyst administers the firm’s credit policy by analyzing or
managing the evaluation of credit applications, extending credit, and
monitoring and collecting accounts receivable.
7)
In large companies, the project finance manager is responsible for coordinating
the assets and liabilities of the employees’ pension fund.
8)
The corporate controller typically handles the accounting activities, such as
tax management, data processing, and cost and financial accounting.
9)
Managerial finance is concerned with design and delivery of advice and
financial products to individuals, business, and government.
10)
The corporate treasurer typically handles the both cost accounting and
financial accounting.
11)
The corporate treasurer is the officer responsible for the firm’s accounting
activities, such as corporate accounting, tax management, financial accounting,
and cost accounting.
12)
The corporate controller is the officer responsible for the firm’s financial
activities such as financial planning and fund raising, making capital
expenditure decisions, and managing cash, credit, the pension fund, and foreign
exchange.
