ShmoopTube

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principles of finance a la shmoop. your job as a financial manager - it's a

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fair question to ask when you take on a vague job in a vague industry like the

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financial industry, what's my day like? financial manager [woman walks into office]

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what does that mean well let's take a closer look at the lower levels in the

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land of financial management in the kingdom of fiduciary ,you'll work in the

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nostril trimmer division of global narcissism.com. your job will be to [man walks into office]

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track every sale of nostril trimmers both basic and old man turbot. you'll

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check that that credit card payments are clearing and confirm that what credit

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card companies think they've deposited into your bank accounts actually is the [man answers phone]

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right amount that they should have deposited .yes errors and evil people

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exist all over the world. you'll also track the expenses, metal

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costs stamping costs assembly costs as well as packaging storing and shipping.

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You'll ah, sort of be the living history book of your division acting daily to adjust [fork lift hauling a load]

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other things like marketing spend. that is you note that there has been a highly

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efficient marketing spend in areas catering to basketball players, and yeah

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that makes sense right. think about it they tend to be tall and you know with

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the shorter people looking upwards, and of course nostril hair sensitivity ,would [hand covers nose]

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be a thing. so you tell your marketing people about the data you found in your

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accounting travels and they act on it. you then get promoted and run the whole

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health and personal care division .you want to buy your competitors and

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monopolize the nostril hair trimmer industry. it'll let you have more [production line]

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leverage with your suppliers, where you'll drive your costs down, and it's a

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virtual monopoly. well you could raise prices until new competition from

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startup companies beats you down. how should you buy them? can you get a loan

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and pay cash? or would they want your stock instead? to be bought what's a fair

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price to pay if you're gonna buy them? how would you even figure out the right

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numbers? we'll get to all of that later in the course in excruciating and

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physically painful detail. but it's all part of the job and

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less painful than when a nostril hair trimmer malfunctions. [ nose bleeds]

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