... maximizing share value. The financial manager is the person whom primary responsibility for financial management in a firm. The financial manager must act as an intermediary standing among financial markets and the firm's operations, where the firm's securities are traded. The financial manager's role is to track the flow of cash from investors to the firm and back to investors again. The flow begins when securities are issued to raise cash and the cash is used to purchase real assets used in the firm's operations. Later, if the firm has a good performance, the real assets generate cash inflows, which more than repay the initial investment. Finally, the cash is either reinvested or returned to the investors who purchased the original security issue (BusinessCreditInfo.com, 2006). This shows that the financial manager has to deal with capital markets as well as the firm's operations. Therefore, the financial manager must understand how ...

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