due You as a Financial Manager 2 2 You have been introduced to the subject of finance. You have also been introduced to the need for finance and some sources of finance. This discussion is designed to help you review most of the major concepts covered in the chapter. You have just been hired as the finance manager for a small business which sells coffee. Discussion Question: a) As the financial manager, do you need an understanding of accounting? b) Briefly discuss two reasons why you will need to raise funds for this business. c) What source of short-term finance will you use? d) Bliefly discuss the advantages and disadvantages of raising funds from friends and family. e) For long-term financing, do you prefer debt financing or equity financing? Briefly discuss why