The Financial Management Association of Australia (FMA) is an independent student body that promotes career awareness and student involvement in business-related activities. It is sponsored by Gold Sponsor Macquarie Group and works with the Department of Finance and Faculty of Business Economics at the University of Melbourne. Students may apply to the association to become a member.
The AOFM manages the Australian Government's debt portfolio and cash balance in the Official Public Account. It also manages financial asset management generated from AOFM activities. The organization has close relationships with various departments of the Australian government and maintains credible professional relationships with banks and domestic investors in CGS. This allows the AOFM to help its government clients, which rely on financial services and products from them to fund projects and operations investment service.
The main function of a financial manager is to effectively manage company funds. Money is needed for many purposes within a business, including stock maintenance, meeting liabilities, and purchasing equipment and materials. Therefore, it is essential for a financial manager to effectively plan, organise, and analyse funds to ensure the company's long-term success. This is done through the use of tools such as financial forecasting, ratio analysis, cash flow statement analysis, and profit and cost control.
