Ravi Teja

How the creativity is important for the role of a Finance Manager?

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by Ravi Teja
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RE: How the creativity is important for the role of a Finance Manager?

Jayanta Ghosh
Jayanta Ghosh
Verified Career Expert
Chief Mentor at Waymark Learning Solutions LLP
  • Kolkata

The importance of creativityfor financial managers are spread throughout the organisation in the sense that financial management is, to an extent , an integral part of the job for the managers involved in planning , allocation of resources and control . Nevertheless , financial management is highly specialised in nature and is handled by specialists . Financial decisions are of crutial importance . It is therefore essential to set up an efficient organisation for financial management functions.

Since finance is a major / critical functional area , the ultimate responsibility for carrying out financial management functions lies with the top management , that is board of directors/ managing director/ chief executive or the committee of the board. However the exact nature of the organisation of the financial management function differs from firm to firm depending upon factors such as size of the firm , nature of its business, type of financing operations , ability of financial officers and the financial philosophy , and so on ..

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