TASK 1

Task no 1

Page 56-57

1. They must first spend money.

2. Revenues from sales of the firm’s products.

3. Financial manager are the one who keep track of how money flowing into and out of the firm.

4. Decide how the available funds will be used, how much money is needed, and where to get it.

5. Financial management is the art and science of managing a firm’s money so it can meet the goals.

6. Collect and present financial data.

7. Financial manager use financial statement prepared by accountants.

8. Analyze financial data prepared by accountants, and prepare and implement financial plans.

9. Coordinate information from such areas as marketing and production to develop and carry out financial strategies.

10. Handheld by either the accounting department or one or two people.

11. Financial planning, investment, and financing.

12. Budget are a way to control expenses and compare the actual performance to the forecast.

13. To plan and control their future financial activities.

14. Cash budget, capital budget, and operating budget.