1. What Finance Brings to the Table & What Finance Needs from Your Area
FINA 495 – Week 8

2. 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

3. 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

4. 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