Introducing corporate finance
Introducing corporate finance

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Introducing corporate finance

The finance department

A finance department needs to take account of the short-term and the long-term financing needs of the business.

‘Cash is king’ is a truism that resonates with all business managers.

Employees carrying boxes leave the Lehman Brothers headquarters, 2008, in New York. Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 bankruptcy protection from its creditors and said it was trying to sell off key business units. (AP Photo/Louis Lanzano)

The finance department monitors all the financial activities of the business.

If an organisation does not have enough money to pay its bills, the best long-term financial strategy in the world will be of no benefit to it.

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