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Better Business, 5/e
book

Better Business, 5/e

by Michael R. Solomon, Mary Anne Poatsy, Kendall Martin
January 2017
Intermediate to advanced content levelIntermediate to advanced
500 pages
33h 23m
English
Pearson
Content preview from Better Business, 5/e

Chapter 15 Summary

  1. 15-1 Define financial management and describe how financial managers fulfill their responsibilities.

  • Financial management is the strategic planning and budgeting of corporate funds for current and future needs.

  • A financial manager, often the CFO of a corporation, assumes financial management responsibilities. Financial managers generally have an accounting background.

  • Financial management includes forecasting short- and long-term needs, developing budgets and plans to meet the forecasted needs, and establishing controls to ensure that the budgets and plans are being followed.

  1. 15-2 Describe the options small businesses have to finance short-term business needs.

  • It may be necessary to obtain short-term financing ...

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Publisher Resources

ISBN: 9780134522746