I am a senior finance manager and one of the most in-demand senior finance majors in California. My salary is very competitive, but I do not feel qualified for the title of senior finance manager. I have a BA in Finance with a 4.0 GPA and a very thorough understanding of the finance industry.
One of the things I was taught by my finance professor was that you should not hire someone unless they have a BA in finance or a 4.0 GPA. This is because senior finance managers need to be able to read and understand the financial environment to run the business effectively. In my case, I need to be able to read the financial statements and understand the financial trends. If I don’t have that, then my ability to make investment decisions is all over the place.
In the past few years, there has been a steady increase in the number of senior financial managers, which makes it very difficult for them to get a handle on the job. So we have to find a way to get a handle on the job, or give senior financial managers a better chance of getting a handle on the job than we have on anything else.
If we have a senior finance manager who doesn’t understand the financial statements, then he’s got to figure out how to make those financial statements understandable to the people he’s supposed to be helping. We have to do what we can to improve the job of finance managers, and that includes paying them more. We can’t do that if they don’t understand how to read financial statements.
A new financial statement is one of the most important things in the financial statements of any company. If you cant read a financial statement, you cant understand it. So, as an auditor, you have to be able to understand financial statements and make sure that financial statements are being presented in a way that is understandable to the reader. In financial statements, you will often see a “Present value” column, which represents the value of the company’s assets at the end of the period.
Present value is the amount of money that you have in the bank that is needed to pay for the future. The higher the present value, the more you can use to make investments that will pay off in the future. This is an excellent indicator of the value of the company. For example, a company with a $1000m cash in-hand at the end of the year would be a $1000m company.
The problem is that when we see the present value of a company we can’t really see how much money it has in the bank, plus we don’t know who is making the money. It’s hard to compare like with like because it’s not clear how much money the company will need to pay out to employees, its owners, and investors over the next year. But it’s still a big number to worry about.
What’s worse is when companies are in debt, they usually aren’t paying out the full value of the company. Instead, they are paying out a fraction of the value. So the value of the company in cash at the end of the year is something like 500m, where the debt is 1m. This is because the company is paying out a smaller fraction of the value in cash each year, which means they are paying out less cash every year.
If you think about this, you are not paying out the full value of the company every year. Instead, you are paying out a smaller amount of cash. You are therefore paying less cash in total than if you were paying out the full value of the company every year (which would be 500m). This is where the idea of the senior finance manager salary pops up. It is a way to pay out a smaller amount of cash each year but still make sure that the company makes a profit.
This is a common mistake people make when they do cash flow management, which is to pay out cash flow more than the cash flow coming in. If you pay out cash flow less than it is coming in, you will pay out less than you are taking in. This is why the senior finance manager salary is a very good idea to pay out a smaller amount of cash each year, but not to pay out money out.