This is a write up of some of the experiences of a finance and risk management expert. Young professionals who are in the finance field can be guided by this experience write up and prepare accordingly. Summary Assisting the management in promoting efficiency by way of possible service to customers/investors/employees-actual work done should be compared with the standards to enable the management to control the performance effectively-Preparation of Budget covering all aspects of Business like production/selling/distribution/research and finance-Analysis of financial and physical transactions to enable effective comparison to be made between forecast and actual performance-Presenting to management at intervals, operating statements and short-term financial statements-Interpretation of financial statements to enable the management to formulate future policy and operations Financial Analysis and Monitoring: Analysis of Financial condition and Monitoring-Finance forecasting and planning-Finance Control. Financing: Identification of sources of finance and determination financing mix-Cultivating sources of funds and raising funds. Investing: Management of current assets cash/marketable securities/receivables and inventories. Statutory Obligations: Reporting and Interpreting-Tax administering- Government reporting-Economic appraisal. Valuation of securities or assets through Book Value-Market value-Going Concern value-Liquidating value-Intrinsic value. Financial ratio analysis-Analysis of Balance Sheet and Income Statement on various Important items- Fund Flow-Sources and Uses - Fixed assets/Intangible assets/Investments/Current assets/Loans and advances -Share Capital/Reserves and surplus/Secured loans/Unsecured Loans/Current liabilities. Net Sales/Cost of goods sold/Gross profit/Operating expenses-Operating profit. Working Capital Management: Managing current assets and current liabilities-arranging short term financing, negotiating favourable credit terms-controlling the movement of cash-administering accounts receivable-monitoring the investment in inventories. Cash Management: cash Budgeting-Cash reports for control-Monitoring collections and disbursements. Management of Receivables: Credit Policy-Credit standard/credit Period/Cash discount/Collection effort Credit evaluation-Analysis of financial statements/Bank reference/firms’ experience. Credit granting decision-repeat orders/schedule of payments. Control of Receivables-Payment patterns. Management of Inventories: Need for Inventories/Order quantity( EOQ model)-Order Point-ABC analysis (stocking based on the movement of the finished products)-Pricing of raw materials and valuation of stocks-Monitoring and control of inventories. Management of capital Expenditure: Capital Budgeting-addition/disposition/modification and replacement of fixed assets-based on cash flows verses accounting profit. Management and Maintenance of Books of accounts: Ledgers-Journals(General/Special purpose) Cash Book-Petty Cash Book-Bank Book- Bank Reconciliation Statement-Provision for discount on Debtors and Creditors-Stock valuation Cost-Volume-Profit Analysis: Cost behaviour in relation to sales-Finding Break even sales- Ascertainment of profit on a particular level of sales volume-estimation of volume of sales to maintain the level of profit-Evaluation of impact of cost factors on profit.