Manage financial operations and business transactions
Modern accounting processes for business are incredibly complex, with disparate functionalities that must be integrated to support the overall health of the company and performance. These functions include journal entries and general ledgers, as as financial statements such as income reports and balance sheet. A financial manager must also decide how to best utilize the cash resources of the business. This could mean giving dividends to shareholders, retiring loans, buying short-term government securities or business bonds or using extra funds to expand the company through acquisition of other firms. The goal is to ensure that the business has enough funding for operating expenses and growth opportunities. This article will explain the financial processes and the way business transactions are handled.