Describe the duties of the financial manager in a business firm?
Financial managers evaluate the firm's performance, determine what are the financial consequence will be if the firm maintains its present changes or course it, and propose how the firm should use its assets. Financial managers as well locate external financing sources and recommend the most important mix of financing sources and they determine the financial expectations of the firm's owners.
All financial managers should analyze, communicate, and make decisions based on information from many sources. To do this they require analyzing financial statements, planning and forecasting, and determining the effect of size, risk, and timing of cash flows.