Finance Manager

The roles and responsibilities of a finance manager is to raise the funds to operate the business and invest the same in order to gain more profits. After incurring the profits he has to decide whether to distribute the profits or to retain in the firm in order to develop the business. Decisions to be taken by finance manager by keeping all three kinds of decisions i.e. capital decision, investment decision and dividend decision. While raising money, he needs to consider stability of the company. When he is in aggressive in nature, it is better to invest in long term investments.

Cost of production

Manufacturing industry will incur the costs in different departments as it involves lot of processes to make a product. The production manager needs to have a look on which department the cost incurs more. If he is able to reduce the cost in particular department by comparing with the previous year’s cost reports. After comparison the manager should be able to sell the product at low price by reducing the cost of production. There are certain cost methods to follow in order to maintain the same quality of the product by reducing the cost of production. Manager should have a brief look on each and every department in that industry.

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Contribution to GDP

The contribution to the GDP in terms of total growth of a country is on mainly service sector. Even though the manufacturing sector is in booming stage due to the reduction in prices of raw materials, service sector’s contribution is amazing increasing as people are willing to learn how to tackle the people. Our current president is planning to stop outsourcing to other countries as there are many numbers of unemployed people residing in our country. Due to globalization many developing countries are providing enough number of services globally by making huge revenues.

Merger and Acquisition

The current trend is acquiring and selling the business as a whole. There are several reasons for it. They are to reduce the competition in the market by acquiring the same kind of business and to buy it at low price, the companies which are in losses. The major benefits are that they can reduce cost of operations, wages and other expenses. By incorporating a new company, both the companies will get merged just to form a new business line in the industry. While acquiring they can compensate to the selling company by cash or shares.

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Behavior to be impressive

There will be several rounds in a company to test our knowledge. First thing is that we have to maintain is the tone and voice where we deliver or introduce ourselves. This will give impression on us. There are certain companies who have group discussion as one part of the round in order to test whether we are clear in our ideas and to express it boldly. Most of people judge us by the way of our conversation. We have to be technically sound and intelligent enough to handle all the situations when the company needs our help.