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1Copyright © Texas Education Agency, 2012. All rights reserved.
The Finance Department
Statistics & Risk Management
Copyright © Texas Education Agency, 2012. All rights reserved. 3
Finance ManagementThe CFO is primarily responsible for
managing and growing an organization’s assets– Finance Department–Accounting Department
Copyright © Texas Education Agency, 2012. All rights reserved. 4
Primary GoalsGather Raw DataProcess StatisticsPresent Findings
Copyright © Texas Education Agency, 2012. All rights reserved. 5
Who is Interested?Executives and ManagementStockholdersLendersTaxing BodiesGovernmental AgenciesWhat do you think each of these groups
would be interested in?
Copyright © Texas Education Agency, 2012. All rights reserved. 6
Interested in What?Industry TrendsPast Sales/Profits (Losses)Assets (Including Cash)LiabilitiesInnovations and ProjectionsWhat do you think is the most important
area to analyze?
Copyright © Texas Education Agency, 2012. All rights reserved. 7
Truth, Nothing But the Truth.A loss in trust is hard to recover from.Customers want to buy from successful,
honest firms.Supplier-Partners want to service reliable,
honest firms.Why do you think that is true?
Copyright © Texas Education Agency, 2012. All rights reserved. 8
Rules in Business FinanceThose who need financing the most will have
the most difficult time acquiring financing.Lenders already in for a “penny” will
probably lend a “pound”.Too Big to Fail………………..
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