(Top QUALITY 2024/2025 EXAM REVIEW)WGU C201 Business Acumen Chapter 17: Financial Management, Exam Review. Rated A+

WGU C201 Business Acumen Chapter 17: Financial Management, Exam Review. Rated A+ Financial Structure - -Chief Financial Officer, Vice President of Finance, Treasurer, and Controller Chief Financial Officer - -Leader of the financial team. Reports to Chief Executive Officer. May be on board of directors. This person and CEO must certify accuracy of financial statements. Vice President of Finance - -Makes recommendations to CFO for where to invest capital. Prepares financial forecasts, analyzes investment decisions, and specifies funds needed for a time period: inflows and outflows. Treasurer - -Responsible for financial activities, cash management, tax planning. Controller - -Chief accounting manager. Keeps books. Prepares financial statements. Risk-Return Trade-Off - -The goal is to maximize the wealth of the firm's shareholders by striking the optimal balance. Often decisions involving the highest potential returns expose the firm to the greatest risk. What is the purpose of a financial plan? - -To forecast a