Managerial Finance
What is Managerial Finance? Managerial finance is concerned with the duties of the financial manager in the business firm. Financial managers actively manage the financial affairs of many types of business --- financial and nonfinancial, private and public, large and small, profit-seeking and not-for-profit. They perform such varied task as budgeting, financial forecasting, cash management, credit administration, investment analysis, and funds procurement. In recent years the changing economic and regulatory environments have increased the importance and complexity of the financial manager's duties. As a result, many top executives in industry and government have come from the finance area. Another important recent trend has been the globalization of business activity .U.S. Corporations have dramatically increased their sales and direct investments in the United States. These changes have created a need for financial managers who can help a firm to manage cash flows denominated in different currencies and protect against the political and foreign exchange risk that naturally arise from international transaction. While this need makes the managerial finance function more demanding and complex, it can also lead to a more rewarding and fulfilling career.