BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In his traditional role the finance manager is responsible for . Explanation: In his traditional role the finance manager is responsible for arrangement of financial resources. Financial managers are responsible for the financial health of an organization.

Detailed explanation-2: -By definition, a financial manager is someone who oversees the financial health of an organisation and helps ensure financial sustainability. They supervise many important functions such as monitoring cash flow, managing expenses, producing accurate financial data, and strategising for profit.

Detailed explanation-3: -The traditional finance manager was given a target amount of funds to be raised and was given the responsibility of procuring these funds. So, his function was for raising the funds only. Once the funds were procured his function was over.

Detailed explanation-4: -Financial management helps organisations to plan, organise, and govern financial activities to keep business moving and maintain healthy profits. A key role of financial managers is decision-making, which takes into account the business’ short-term and long-term goals.

Detailed explanation-5: -The roles and responsibilities for financial management and financial performance in public sector entities are clear. The Public Finance Act 1989 states that the chief executive of a government department is responsible for the financial management and financial performance of the department.