BUS 401 Week 1 Discussion 1, The Role of Financial Management in a Firm
Summarize the role of management as it relates to finance in a corporation. In your post, address the following:
Indicate the various aspects of finance that management must understand. Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency. Describe why cash flow is more important than sales in a business. Discuss what could happen if management does not fulfill responsibilities related to finance. If you have one, share a real world example from your own professional experience or from an external source.
BUS 401 Week 1 Discussion 2, Financial Statements
View the Important Financial Documents video which looks at the fundamental financial documents every company needs; including the balance sheet, income statement, and statement of cash flow. In your post, choose one of the financial statements and explain how a manager would use the statement to drive financial analysis and decision-making.