Managerial Finance Function

VIII. Fill in the blanks with prepositions.

VI. Choose the explanation for each of these words and phrases.

V. Match these words as they occur in the text. Translate the phrases.

IV. For each word or phrase, write one which means the opposite.

III. Change the noun form into the verb and adjective forms. You may want to use a dictionary.

Example: finance (n) - finance (v) - financial (adj)

Manager, expansion, bankruptcy, responsibility, acquisition, cost, extention, flow, object, idler, adviser, balance, payment, control, product.

Inaccurate, information, losses, particular, objective, assets, cash surplus, increase, directly, responsible, careful planning, lending, long-term investments, dispersal, insufficient funds, to lose track of, to be productive, past cash status.

1. idle 2. long-term 3. boxes for 4. cash 5. controlled 6. overall 7. financial 8. company's 9. accurate

a) safekeeping b) requirements c) information d) cash e) flow f) investments g) disbursement h) objective i) earnings

1. cash flow 2. fund 3. finance 4. financial manager 5. earnings 6. disbursement 7. costs

a) business function of effectively obtaining and managing funds b) the profit that a company makes c) the volume of cash moving into and out of a business d) expenditures required in order to produce some specified output or benefit e) a sum of money held for a specified purpose f) individual in an organization responsible for developing and implementing the firm's financial plan and for determining the most appropriate sources and uses of funds g) a legitimate payment of money out of some fund

VII. Find words and phrases in the text which mean:

1. large enough in amount or number to be noticeable or to have an important effect

2. a person who gives advice

3. edge of something unknown, dangerous or exciting

4. a business owned by two or more partners who share the profits and losses

5. the state of being unable to pay your debts

6. the act of spending things over a wide area

7. anything of economic value owned by a firm or an individual

Most business plans and decisions are measured.... financial terms, and the financial manager consequently plays a key role in the operation.... the firm. The scope and importance of the managerial finance function depend.... the size of the firm. In small firm the finance function is commonly performed.... the accounting department, but as the firm grows, a separate department typically evolves. This department becomes headed by a vice-president.... finance with the title of chief financial officer (CFO) who reports directly.... the company president or chief executive officer (CEO). The placement of the firm's finance functions under one man, and in turn within one department, marks the significant transition from a small business.... a sizeable and maturing corporation.

The treasurer and the controller report directly to the CFO. The treasurer is responsible.... financial planning, cash management, capital expenditures, fund raising, credit management, and management.... the firm's investment portfolio. The controller is responsible for the firm's financial accounting and cost accounting, data processing, and tax management.

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