Question

The role of financial management does not usually include responsibility for

Answer 1

The role of financial management does not usually include responsibility for any accounting activity or compliance with accounting standards.

The role of financial management does usually consider to include risk management, corporate finance, treasury management.

Risk management:- Efficient financial management should estimate the risks and try to prepare the best mitigation plan.

Corporate finance:- Company try to generate funds through a different source like stock, bonds, loan, etc. and try to deliver maximum value to their shareholders.

Treasury management:- It helps to manage their surplus. I mean it helps to what portion of net income will the company declared as a dividend? Where can the company utilize its excess fund if the company has excess cash?