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Report Sample of Financial Manager Responsibilities

Report Sample: Financial Manager Responsibilities

TASK 2

Task 2: Analysing the financial information

Q1) Three roles and responsibilietis of financial manager 

The financial managers of the organization are mainly responsible for managing the funds of the firm. In addition, the role of financial manager is also to determine the organizational profit rate through which the goals and objectives can be achieved . On the basis of case study scenario, the financial manager must try to follow the following roles: 

Reducing the cost

The cost reduction technique must be applied by the manager of the firm in order to provide proper details to the financial manager. In the same context, the financial manager can also try to reduce the cash flow rate of the company through which the organization can save money on its expenses. By saving the money of the firm, the financial manager of the firm will be able to help the company to develop a strong profit rate. Moreover, the profit rate of the organization is also determined by the financial stability of the organization . It has been evident that the cost reduction method will also help the financial managers to manage the cost ratio and balance sheet ratio as well. 

Allocating fund

The fund allocation is also one of the major responsibilities of the financial manager. By allocating funds, the financial manager of an organisation will be able to provide financial support to the firm. On the other hand, the fund allocation must be done by the financial manager so that the organisation can gain major benefits. It has been identified that the allocation of fund will further help the company to reduce the labour cost as well as its operating cost . For developing of the fund, the company must try to develop the performance of the employees so that the productivity rate can be increased in an effective way. Report Sample of Financial Manager Responsibilities

Attracting the investor

The role of financial manager is also to attract the potential investors by which the profit rate can be maximised. In addition, the financial manager of the firm must try to provide suitable offers to the investors so that they can help the firm in its crucial times. It has been evident that the investors mainly help a business firm to stabilise its financial position. Therefore, in this scenario, the roles of investors are also to provide financial support to the organisation . On that note, it can be said that the investors must be attracted towards the organisational goals in an appropriate manner through which the financial manager can evaluate its roles and responsibilities. 

 

Q2) 

1. Three stakeholders that have been affected

Employees 

The employees of the organisation ANZ Bank must try to develop their performance in such a manner by which the risk can be mitigated. Due to the implementation of new policies and procedures within the firm, the stakeholders have been affected in an effective way. In addition, the role of stakeholders has also been affected due to the implementation of new machinery system . On that note, the company has terminated maximum number of employees as their performance was not enough to achieve the organisational goals. Furthermore, the company ANZ Bank will also be able to generate a huge profit rate in an effective way. 

Shareholders-  

The shareholders of the organisation ANZ Bank must try to provide suitable benefits to bank by providing financial support. In the same context, the company must try to engage with the shareholders in such a manner by which the ethical behaviour of the firm can be maintained. It has been identified that the organisation must try to value the shareholders by providing them monetary support. This will help the company to attain a competitive advantage . Therefore, it can be said that the shareholders needs must be mitigated by the firm in order to provide them suitable benefits. 

Local charity 

The local charity can be considered as an external stakeholder of the organisation ANZ Bank. The authorities of the firm ANZ Bank must try to deal with the local charity in such a manner by which the corporate social responsibility can be maintained. On the other hand, the local charity will further help the organisation to ANZ Bank to maintain the cultural and social behaviour in an effective way. It has been identified that the local charity will further help the company to collect funds from the local charity in a prominent manner. 

2. Steps in order to meet the requirements of the stakeholders

Employee’s requirement– The authorities of the organisation ANZ Bank must try to identify the requirements of the employees by which they can get proper benefits. With the mitigation of employee’s requirements, the company will be able to manage their performance as well . On the other hand, the requirements of the employees must be managed and developed in such a manner by which the goals and activities can also be attained. By implementing the safety guidelines within the organisation, the company will also be able to satisfy the employees. 

Shareholders requirement– By considering the requirements of the shareholders, the company ANZ Bank will be able to get financial benefits. In addition, the shareholders requirements can also be managed by providing organisational profits to them. In a similar setting, the organization must attempt to connect with the investors in such a way by which the moral conduct of the firm can be kept up. It has been recognized that the association must attempt to esteem the investors by giving them financial help . This will assist the organization with attaining an upper hand. Along these lines, it very well may be said that the investor’s needs should be relieved by the firm so as to give them appropriate advantages.

Local charity requirement– The nearby philanthropy can be considered as an outside partner of the association ANZ Bank. The experts of the firm ANZ Bank must attempt to manage the nearby philanthropy in such a way by which the corporate social obligation can be kept up. Then again, the neighbourhood philanthropy will further assistance the association to ANZ Bank to keep up the social and social conduct in a powerful manner. It has been recognized that the nearby philanthropy will further assistance the organization to gather assets from the charity in an unmistakable way.

Q3) Identification of the principal

It is very important for the company to implement agency relationship management by which the organisational decisions can be taken in a prominent manner. In addition, the company ElectroChip can also try to hire a fund manager so that the funding issues can be mitigated in an effective way. It has been evident that the agents performing different tasks will also help the firm ElectroChip to consider the values of the firm as well . On that note, it very well may be said that the speculators must be pulled in towards the hierarchical objectives in a fitting way through which the money related administrator can assess its jobs and obligations.

 

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Scenario 2

Q4) Trend analysis

Liquidity ratio

From the above figure, it can be said that the position of the organisation’s liquidity can be calculated by meeting the short term debt obligation. 

Solvency 

As per the above trend analysis, the organisation must try to indicate its positive performance in such a manner by which the performance can be measured in an effective way. 

Profitability 

The profitability ratio will help the company ANZ Bank to calculate its profit rates for the next five years . In addition, the profit rate can also be calculated by maintaining a positive growth rate of the company 

Efficiency ratio

The efficiency ratio must be calculated in such a manner through which the organisation can analyse the areas for the improvement of business function. 

Q5) Explaining the scope and function

Income statement

The income statement of an organisation is mainly used to determine the financial stability. In the same context, the income statement will further help the organisation to compare its revenue from the last few years . Thus, the authorities will be able to understand the profit margin that the company has gained from the last few years. 

Balance sheet

The balance sheet must be calculated by the authorities of the firm in such a manner by which the overall financial metrics can be calculated . The balance sheet will also help the company to determine the financial position that has been gained by the firm. 

Equity statement

The equity statement of an association is principally used to decide the budgetary dependability. In a similar setting, the pay proclamation will further assistance the association to analyse its income from the most recent couple of years. Along these lines, the experts will almost certainly comprehend the overall revenue that the organization has picked up from the most recent couple of years.

Cash flow statement

The cash flow statement will further help the company to analyse the cash flow rate. The asset report will likewise assist the organization with determining the monetary position that has been picked up by the firm .

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Q6) Explaining the factors

Capital rationing Vs unlimited fund

The capital rationing mainly helps a company to develop its capital in the market in which it is operating. In addition, the capital rationing will further help the company ANZ Bank to fund the organisation with unlimited resources. On the other hand, the unlimited fund will mainly help the company ANZ bank to develop its financial position in an effective way. It has been identified that the unlimited fund must be collected by the authorities in such a manner through which the company can develop its market position . 

Independent Vs mutually exclusive projects

The independent projects will also help the company to incorporate the specialists of the firm ANZ Bank must endeavour to deal with the adjacent magnanimity in such a path by which the corporate social commitment can be kept up. Of course, the area altruism will assist help the relationship to ANZ Bank to keep up the social and social direct in an amazing way. On the other hand, the mutually exclusive projects will help the company to gain a positive reputation in its business market . 

Expansion Vs replacement projects

The market expansion strategy will help the company to expand its profit rate as well as its business process as well. The expansion project will further help the company to develop its profit rate. On the other hand, the replacement projects will also help the company to replace its project with other cash flow out. 

Q7) Identification of business related financial analysis

Operations 

The food industry must try to develop its operational functions in such a manner by which the organisational efficiency can be maintained. In addition, the operations will also help the firm to generate a proper business function so that the profit rate can be generated on a regular basis. 

Accounting 

The accounting manager must try to identify the income statement of the company through which the cash flow rate can be controlled . The extension task will further assistance the organization to build up its benefit rate. Then again, the substitution undertakings will likewise assist the organization with replacing its task with other income out.

Sales and marketing

The sales and marketing position will also help the company to develop a proper marketing strategy so that the goals and objectives can be achieved in an effective way. 

Q8) Factors influencing global capital budgeting

Currency 

The currency plays a vital role in the capital budgeting process. In addition, the capital budgeting process will help the authorities to understand the value of currency in much better way . In addition, the currency can also be used for the foreign exchange rate of the firm as well. 

Taxation 

The free tasks will likewise assist the organization with incorporating the authorities of the firm ANZ Bank must undertaking to manage the neighbouring charitableness in such a way by which the corporate social responsibility can be kept up . Obviously, the territory benevolence will help the relationship to ANZ Bank to keep up the social and social direct in a stunning manner. Then again, the fundamentally unrelated activities will assist the organization with gaining a positive notoriety in its business advertises.

 

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