Managerial Finance

Question 1

Explain why the role of a FM goes beyond the traditional role of Investing and Financing decisions?

Answer 1

Nowadays, FMs are now involved in strategy formulation, measuring performance and key players in governance and risk mgt.

Question 2

In the case of Public sector (government) financial mgt, which Act is responsible for their regulation

Answer 2

The Public Finance Management Act (PFMA) No 1 of 1999.

Question 3

In the case of Municipalities, which Act is responsible for their regulation

Answer 3

Municipal Finance Management Act (MFMA) No 56 2003