What Finance Brings to the Table & What Finance Needs from Your Area FINA 495 – Week 8
Functional Competencies of Finance Cash Flow Projections Budget Financial Strategy Plans Financial Analysis Financial Evaluation Develop solution models using Net Present Value and Internal Rate of Return formulas
Finance Contributions to GC3 Identify the cash flow needs Set budget guidelines Set financial objectives Develop alternative capital structure strategies Contribute to pricing plan to ensure profitability
Potential Finance Needs from Your Area From IT: Collaborate on the selection of a financial reporting system Identify cost of system implementation (price of system, life cycle, and training costs) From HR: Identify staffing plan (number of employees, supervisors, etc.) Identify benefits package (medical, retirement, etc) From Marketing: Assistance identifying cost implications of current Marketing budget Identify current operations cost issues