When his firm is owed money, the financial manager tries to collect as early as possible.

Question

Quizplus · Accepted Answer

Financial managers are responsible for managing the financial resources of a company including managing accounts receivable, which involves collecting payments from customers who owe the company money. In order to maintain positive cash flow and avoid financial issues, financial managers aim to collect payments as early as possible.

When His Firm Is Owed Money, the Financial Manager Tries