Important Roles of the Financial Manager

In: Business and Management

Submitted By ahmedmagdy
Words 388
Pages 2
Important roles of the financial manager:

The financial manager has a lot of roles, some important roles are:

1- First, he should select a target where he will invest the money; he should make a plan for the filed where he will take place in.
2- Second, he should think about different alternatives that offer money to begin the project, such as bank or a partnership.
3- Third, he begins turning these steps for a real work in the real life. He starts in day to day transactions or He began in the operation process.

Note: financial manager is owner’s agent. المدير المالى يكون وكيل عن صاحب الشركه

Important information:
Stockholders are the owners of the business. اصحاب الاسهم : هم اصحاب العمل.
Stakeholders are the external users who take advantages of the business. اصحاب المصلحه وهم الذين يستفيدون من العمل .

Agent cost or problem:
Problem happens between business’s owner and manager.

- Sometimes problems take place between business’s owner and manager “conflict of interest “.
Ex. Professors may advertise about their own courses and make student take some courses out of university which cost the university student’s truth and the professors earn money while the university loss it.
فى بعض الاحيان تنشأ مشاكل بين صاحب العمل والمدير "الوكيل" والتى تسمى "تضارب المصالح" ففى بعض الاحيان يعمل المدير لحسابه الشخصى مما يضر بالمؤسسه التابع لها او بارباح صاحب العمل.
Cost of monitoring:
As a result of the conflict of interest or agent problem the business’s owner pay for monitoring company to evaluate the performance of the business which cost the business’s owner a lot of money.
كنتيجه لتضارب المصالح بين صاحب العمل والمدير ، يقوم صاحب العمل بالتعاقد مع شركات متابعه لتقيم اداء العمل فى المؤسسه التى يملكها او الشركه التى يملكها مما يضيف تكلفه عاليه على صاحب…...

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