Description
Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.
EssentialOptional
Theoretical Knowledge
liquidity managementaccounting department processesfunding methodsfinancial managementaccounting entriesbanking activitiesaccountingfinancial statementsfinancial analysissecuritiescost managementeconomicsaccounting techniquestax legislationfinancial department processesfinancial forecastingpublic financebookkeeping regulationsfraud detectionfinancial jurisdictioninvestment analysisnational generally accepted accounting principlesbudgetary principlesbusiness loansfinancial productscorporate lawstock marketethicsinternational financial reporting standardsfinancial marketsstatisticsinternational tradereal estate marketdebt systemsdebt collection techniques
Practical Skills
liaise with auditorsanalyse financial performance of a companyprepare tax returns formssupervise accounting operationsprepare financial statementssupport development of annual budgetcontrol financial resourcesreport on overall management of a businessmonitor financial accountsfollow company standardsanalyse business plansadvise on financial mattersevaluate budgetscreate a financial reportmanage budgetsliaise with managersenforce financial policiesmonitor charity's budgetmanage accountsstrive for company growthanalyse market financial trendscreate a financial planmanage securitiesensure information transparencyanalyse financial riskbudget for financial needsensure cross-department cooperationadvise on public financeanalyse insurance riskcollect financial dataperform risk analysisdevelop company strategiespromote financial productsprepare financial auditing reportsmanage the general ledgermaintain records of financial transactionsprovide financial product informationimplement strategic planningensure compliance with company regulationsmanage profitabilitymanage corporate bank accountsperform project managementperform cost accounting activitiesmanage staffconduct financial auditsexecute feasibility studycommunicate with banking professionalsadvise on investmentliaise with financiersperform stock valuationliaise with shareholdersassess financial viabilityalign efforts towards business developmentadvise on tax planningliaise with board memberscheck accounting recordsestimate profitabilitypresent reportsensure compliance with accounting conventionsdevelop financial productsinterpret financial statementsoperate financial instrumentsoffer financial servicesdraft accounting proceduresadvise on risk managementmake strategic business decisionsmake investment decisionstrace financial transactionssynthesise financial informationhandle financial transactionsmanage financial risk