Title: Role of Financial Manager

Essay Details

Subject: Business
Author: Adam F
Date: September 28, 2014
Level: University
Grade: A
Length: 2 / 303
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The Sarbanes-Oxley Act of 2002 (SOX) has been the primary driver for change. The CFO of _______ ( , )states his position is a five c job. The five c's assist when making decisions, which allow him to focus on maximizing shareholder value ( , ): ? Count ? preparing financial statements and verifying accuracy ? Control ? implements stratgeic planning ? Create ? create capital to increase value ? Counsel ? guide employees and colleagues with issues as they arise ? Contribute ? be actively involved in the community to remain aware and in touch with what goes on around you The role of financial manager is not generally assumed by one person in an organization...

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CEO's and CFO's are the most thought of; however controllers and treasurers are included in that role also. Controllers supervise accounting and auditing, while treasures oversee cash management. Purchasing managers also play a role as financial managers. Purchase orders must reflect correct general ledger codes which are used to compile financial reports...

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