Financial managers are responsible for controlling cash flows.

Question

Quizplus · Accepted Answer

Financial managers play a critical role in managing the cash flows of an organization. They are responsible for ensuring that there is enough cash on hand to meet the daily operational expenses and for investing any surplus funds in a way to maximize returns while minimizing risk. They also closely monitor and analyze the cash inflows and outflows to identify any potential problems and take appropriate corrective actions. Overall, cash flow management is one of the most important functions of financial managers.

Financial Managers Are Responsible for Controlling Cash Flows