Describe why a manager needs to understand the characteristics and importance of financial markets including risk and efficiency..
Pathbuilder is being used in this course and this discussion is currently locked. Prior to beginning work on this discussion you must complete the Valuation, Markets, Agency Problems, Forms of Business, Basic Accounting Concepts, Cash Cycle of a Typical Firm, and Translating Accounting Profits into Cash Flows modules in the RealizeIt platform. Once the modules are completed and this information has been transferred into the course gradebook this discussion will unlock and you will be able to submit your initial post to the forum.
(Please note that some modules will have prerequisites that must be completed first. You are highly encouraged to start your RealizeIt work early in order to ensure that you have plenty of time to successfully complete all required modules prior to the due dates for your assigned work. If you do not complete any work in the RealizeIt platform, the grade returned from RealizeIt will be a Zero.)
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.