ROLES OF FINANCIAL MANAGEMENT

Question 1

This involves forecasting financial performance, analyzing financial data, and developing strategies to achieve financial targets.

Answer 1

Financial Planning

Question 2

This involves monitoring financial performance, identifying areas for improvement, and implementing changes to optimize financial operations.

Answer 2

Financial Control

Question 3

This involves analyzing financial data, preparing financial statements, and presenting financial information to stakeholders.

Answer 3

Financial Reporting

Question 4

This involves developing risk management strategies, analyzing risk factors, and implementing risk mitigation measures.

Answer 4

Risk Management

Question 5

This involves managing cash flows, investing capital in profitable projects, and raising capital through various financial instruments.

Answer 5

Capital Management

Question 6

This involves staying up-to-date with regulatory changes, implementing compliance measures, and managing relationships with regulatory bodies.

Answer 6

Compliance