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Role Of The Financial Manager

Examining the Role of the Financial Manager
Corporations operating in the United States are becoming more transparent in today's markets, mainly due to the Sarbanes-Oxley Act of 2002. Accountability has been increasingly placed on senior corporate officers to comply with the government regulations and validate the financial information presented to the firm's stockholders. The fact is that this does not always ensure a firm's financial managers, employees or the shareholders viewpoints on maximizing shareholder value are one and the same.
In the broadest sense of the term, a financial manager can be anyone within a firm that has the responsibility for major investments or decisions concerning financial matters (Brealey, Meyers, and Allen, 2005, p. 8). This responsibility falls on numerous individuals within a firm. In most United States firms, ultimate accountability for financial activities is in the hands of the corporation's Chief Financial Officer (CFO) and Chief Executive......


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Approximate Word Count: 730
Approximate Pages: 3 (250 words per double-spaced page)

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