Range depends upon the strategies you can apply. Every business has objectives that guide policy and in their most basic form include survival, profitability, and growth. So, while the primary financial responsibility from an ownership viewpoint may be to maximize value, the financial executive’s primary managerial responsibility is to preserve the continuity of the flow of funds so that no essential decision of top management is frustrated for lack of corporate purchasing power. Considered in these terms, the task of financial management involves anticipating the pattern of release of funds from, and commitment of funds to, various specialized uses, identifying points where a surplus or deficiency of liquid funds may be expected, and taking action to employ the surplus or cover the deficit. It is the need arising with little warning and great urgency that tests the financial officer’s mettle.
You can read more here: https://hbr.org/1969/11/strategy-for-financial-emergencies
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