Highlight and discuss two of the biggest challenges facing financial managers today.

Financial managers are faced with two major challenges today: global competition on the market and regulatory compliance. Companies are operating on markets that have a higher level of complexity due to globalization. They want to be competitive and compete with competitors from around the globe. This requires not only careful analysis & strategic planning on behalf of financial managers but also rigorous budgeting controls to ensure resources are used efficiently whilst still achieving desired outcomes.

Another challenge is to stay up-to-date with constantly changing government regulations. As laws & policies regarding finance continue to evolve it is important that financial managers stay up-to-date in order to avoid any issues arising out of non-compliance or negligence. This can also provide extra protection to shareholders, as they will feel confident that their investment is being managed in accordance with the current regulations.

In conclusion, global market competition & regulatory compliance represent two major hurdles for today’s financial managers who must be mindful about how resources are allocated whilst ensuring organizational activities remain within set parameters at all times in order to achieve maximum return on investment without compromising ethical standards.