Hence relevant skills are needed eg the treasurer

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Hence, relevant skills are needed e.g. The treasurer must be able to decide the most acceptable financial decision from the array of options available in the financial market place Must understand e.g. accounting disclosure risks and taxation risks that may be overlooked when using new risk management products Must understand all risks and the effects of volatility on cash flow The treasurer must also be risk averse. Must be able to communicate to BOD explaining choice and risk to them 2. What is the financial manager’s primary task Providing financial information and advice for internal and external users. The financial account prepares the statutory financial accounts and deals with the auditors; the management accountant provides information for decision, planning and control. Other departments as taxation may also report to the controller Managing cash and raising finance at the best possible rate. This is the responsibility of the treasurer or financial manager. (WACC)Typical function within the treasury area are raising finance, the management of cash, credit and inventory, foreign currency management and financial risk management.
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