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.

Your post should be 200-250 words in length.

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. Your post should be 200-250 words in length.