7/31/2023 0 Comments Define finance managerFinance Manager – Online Commerceįinance managers who work in the online commerce business may be employed by major global business players like eBay and Amazon. They must have a strong background in statistics, databases and information systems. They may prepare short- and long-term cash forecasts, assist with cash management functions and classify financial events in accordance with generally accepted accounting principles (GAAP). They assist in the analysis of potential acquisitions, financing alternatives and capital appropriation opportunities. These finance managers develop and monitor financial plans in conformance with long-term goals and corporate objectives. The information they analyze and summarize is provided to management and the board of directors. ![]() ![]() They interpret data for the purpose of determining past financial performance in order to project financial probabilities. They gather financial data in order to extract trends and define relevant recommendations. Finance Manager – Energy Sectorįinance managers who work in the energy sector will conduct and document complex financial, economic and statistical reports. Keep reading to learn the duties of finance managers in various sectors and how to become a finance manager and earn a higher salary. ![]() The Bureau of Labor Statistics (BLS) states that the average salary for a finance manager is approximately $117,990 per year, which equates to $56.73 per hour.
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