MANAGEMENT

Detailed explanation-1: -The finance manager and material manager in a firm may come together while determining Economic Order Quantity, safety level, storing place requirement, stores personnel requirement, etc. The costs of all these aspects are to be evaluated so the finance manager may come forward to help the material manager.

Detailed explanation-2: -Financial managers generally oversee the financial health of an organization and help ensure its continued viability. They supervise important functions, such as monitoring cash flow, determining profitability, managing expenses and producing accurate financial information.

Detailed explanation-3: -Financial managers are responsible for the financial health of an organization. They create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.

Detailed explanation-4: -The financial manager’s responsibilities include financial planning, investing (spending money), and financing (raising money). Maximizing the value of the firm is the main goal of the financial manager, whose decisions often have long-term effects.