Need to be familiar with exchange rates and political risk. D. Beneficial to understand the customs of other countries; speaking a foreign language. Business Finance: (Corporate Finance) Some important questions that are answered using finance: What long-term investments should be taken on by the firm? Where will we (the firm) get the long-term financing to pay for the investments? How will we manage the everyday financial activities of the firm? Financial Manager: They try to answer some or all of the business finance questions. The top financial manager within a firm is usually the Chief Financial Officer (GOOF)
Treasurer – oversees cash management, credit management, etc. Controller oversees taxes, cost accounting, etc. ** Corporate Organization Chart, Figure 1. 1 ** Goals of Financial Management: What should the goal of a corporation be? Getting money back to shareholders, investors, etc. Making a profit is important. Minimize costs. Maximize market share Maximize the current value per share of the company’s existing stock. Maximize the market value of the existing owners’ equity. Does this mean we should do anything and everything to maximize owner wealth? Outsourcing? Off-shoring? Corporate support of charities?