FIN301 CASE, SLP and TD
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background.docxModule 1 - Background
The Role of the Financial Manager
Required Reading
Banking and Finance (2015) Pearson Learning Solution, New York
Financial Statements (2015) Pearson Learning Solution, New York
Financial Managers (n.d.) Retrieved from http://www.ncbuy.com/careers/blsj/job010.html
Kowalski, R. B., & Campbell, M. W. (2000). Leadership skills help financial managers achieve career success. Healthcare Financial Management, 54(4), 50-52.
Optional Reading
Finance and Accounting. Retrieved from MBA.COM/US. This website provides descriptions of finance careers. Click the links below:
http://www.mbs.ac.uk/masters/courses/accounting-finance/
http://businessmajors.about.com/od/specializations/a/BizMajorsFinanc.htm
A British description of the role of the financial manager. Retrieved from http://www.prospects.ac.uk/sectors.htm
Gray, C. (2000). What does it take to become a CFO? Journal of Accountancy. Retrieved from http://www.journalofaccountancy.com/Issues/2000/Dec/WhatDoesItTakeToBecomeACfo.htm
About.com. Glossary of Financial Terms. Retrieved from http://bizfinance.about.com/od/glossaryoffinanceterms/
Financial Managers: Occupational Outlook Handbook (2012). Bureau of Labor Statistics. Retrieved from http://www.bls.gov/ooh/management/financial-managers.htm
Why Finance Matters: Chapter 1 (n.d.). Retrieved from http://www.public.asu.edu/~atmxh/fin361/ch1.pdf
Picker, I. (Aug 1989). Do CFOs Really Make Good CEOs, Institutional Investor, 23(9), 47.
Abstract:
With the proliferation of corporate takeovers, leveraged buyouts, and restructuring in the US, it would seem that chief financial officers (CFO) hold the keys to executive wisdom. Recruiters report a growing trend of grooming CFOs for chief executive officer (CEO) positions, with some estimating that nearly 25% of top corporate leaders are former CFOs. Analysts, academics, and headhunters agree that the ideal CEO communicates well, is adept at managing managers, understands the company's product and operations, and provides a consistent vision. A recent survey by Management Practices Quarterly reveals that, of 83 new CEOs appointed in 1988, more than 18% came from operations-production backgrounds, some 23% had technical training, while only 14.4% had a financial background. D. Wayne Calloway, who became CEO of PepsiCo in May 1986, was formerly the company's CFO and is probably the best example of the valuable experience CFOs can bring to the CEO position.
Leadership skills help financial managers achieve career success
Healthcare Financial Management; Westchester; Apr 2000; Robert B Kowalski; Manie W Campbell;
Abstract:
Financial managers who want to distinguish themselves and their organizations need to demonstrate their leadership ability. Because financial managers sometimes overlook the need for leadership skills, cultivating mentors who can teach them specific leadership skills, such as improved communications and entrepreneurship, may be necessary.
