Overview of accounting

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Title: Overview of accounting

Essay Details:

Subject: Miscellaneous

Author: Paul B

Date: December 23, 2014

Level: University

Grade: A

Length: 4 / 1050

Essay text:

Knowing how to interpret these reports and statements is critical in order to appropriately allocate the company's financial resources in order to maximize the best return in the long run. A financial manager must perform very specific financial functions on a day to day basis. "It is the responsibility of financial management to allocate funds to current and fixed assets, to obtain the best mix of financing alternatives, and to develop an appropriate dividend policy within the context of the firm's objectives" (Block & Hurt, 2004, p. 11). Some other daily responsibilities required of financial management include credit management, inventory control, and the receipt and disbursement of funds...

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