Managerial finance ________.
A) involves tasks such as budgeting, financial forecasting, cash management, and funds procurement
B) involves the design and delivery of advice and financial products
C) recognizes funds on an accrual basis
D) devotes the majority of its attention to the collection and presentation of financial data

Question

Quizplus · Accepted Answer

Managerial finance involves tasks such as budgeting, financial forecasting, cash management, and funds procurement. It focuses on making strategic financial decisions that will help the organization achieve its goals and maximize its value. It also involves managing financial risks and ensuring that resources are allocated efficiently. B is incorrect because that is more in line with financial advising or wealth management. C is incorrect because recognizing funds on an accrual basis is a principle of accounting, not specifically managerial finance. D is incorrect because while financial data collection and presentation is a part of managerial finance, it is not the primary focus.

Managerial Finance ________