The Role of the Financial Manager Not just a number cruncher more than an accountant or a bean counter

             The United State's economic recovery may still be shaky. However,
             the potential role and overall job outlook for all occupational varieties
             of financial managers seems to be expanding. As such positions grow more
             lucrative and attractive to potential job seekers, these positions are also
             increasingly more specific in the nature of the duties performed by
             different aspects of the profession than ever before. According to the
             U.S. Department of Labor, "almost every firm, government agency, and
             organization has one or more financial managers who oversee the preparation
             of financial reports, direct investment activities, and implement cash
             management strategies. As computers are increasingly used to record and
             organize data, many financial managers are spending more time developing
             strategies and implementing the long-term goals of their organization."
             (Job Outlook, 2004) All financial managers perform particular tasks that
             are unique as well as specific their organization or industry. For
             instance, "government financial managers must be experts on the government
             appropriations and budgeting processes." In contrast, healthcare financial
             managers must be knowledgeable about the often-labyrinthine issues
             surrounding healthcare financing. (Job Outlook, 2004)
             A financial manager, in contrast to an accountant, is thus a
             quantitative and as well as a qualitative analyst with an eye upon the
             future. Unlike an accountant, whom either records in dollar numbers what a
             firm or an organization has done over the past year, or plots prospective
             financial courses, when given a series of options by the firm's leaders, a
             financial manager has a crucial role in determining what those potential
             strategies will be. A financial manager not only determines the results of
             a particular strategy and their potential cost, but also attempts to
             develop a strategy that will bring the maximum bene...

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The Role of the Financial Manager Not just a number cruncher more than an accountant or a bean counter. (1969, December 31). In MegaEssays.com. Retrieved 17:07, November 14, 2024, from https://www.megaessays.com/viewpaper/201246.html