Discuss why financial managers in organizations need to know the
full cost of producing goods and/or...
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Finance
Discuss why financial managers in organizations need to know thefull cost of producing goods and/or providing services.
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Financial manager are responsible for the financial health of organization They will develop strategies and plan for long term financial goal of the organization Their basic functions are as follow Determine capital structure of the organization Estimate the amount of capital required in business Management of cash Procurement of funds For accomplishing their basic functions financial manager needs to know the full cost of producing goods or providing services so that he will take appropriate pricing decision evaluate companies performance generate financial reports and last but not the least sell or process further Appropriate pricing decision Knowing how much your organization
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