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You are the Financial Manager of Gau Steel Technologies Pty Ltd and you have just come back from a seminar which was focusing on the
You are the Financial Manager of Gau Steel Technologies Pty Ltd and you have just come back from a seminar which was focusing on the role of the financial manager. The seminar reminded you of the debate you have been frequently having in your mind in the past few weeks on what your exact role in the company is or should be. Required: The following table helps you understand your role as a Financial Manager. Classify the items given in the first column in the appropriate column. Item The Objectives The Primary Stakeholders of Ethical The Agency of a Business Responsibilities of an Organisation Considerations of Relationship a Financial Financial Manager Management Example: V-Earnings Per Share If you think "Earings Per Share is part of "The Objective of a Business", then write the letter V (which represents Earning Per Share) in the column entitled "The Objectives of a Business as shown above A = Financial planning and analysis B - Government C - Maintaining accurate and 2 HMAC200-1-July-Dec2021-FAI-CTM-V.2-03092021 reliable preparation of Company's financial records D- The community E = Debtors F: Not engaging in conduct or activities that are inconsistent with the Company's best interests G = Shareholder wealth maximisation H=Customers 1 - Profit maximisation J = Employees K = Investment decisions L = Maintaining the highest confidentiality of information, except when disclosure is authorised or legally mandated M = Creditors N = Shareholders O = Violating shareholder rights P = Shareholders delegate the responsibility to manage the business to managers Q = Financing decisions R = Complying with company 3 HMAC200-1-July-Dec2021-FAI-CTM-V.2-03082021 policy S = Encourages employees to report violations of laws, rules and regulations to appropriate authorities T = Using the Company's property, proprietary information, or position for personal gain other than
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