Write an essay on the following:Challenges faced by Financial Managers in a Changing Economic EnvironmentYour essay should critically asses the challenges faced by financial managers due to changes in the macroeconomic environment and how these impact businesses operations. Emphasize how there are consequences related to changes in strategies and priorities and in the way the departments adjust.The essay should demonstrate a students ability to integrate and synthesize course concepts with selected readings to communicate his/her understanding of financial management concepts and their application in organizations. The essay should also demonstrate a students ability to communicate as a manager. This includes proper writing style, organization, grammar, and spelling, as well as integration of course-related material. The writing style must follow the Publication Manual of the American Psychological Association , 6th edition. Citations for online sources should include the online address (URL) and access date as well as the citation for the specific reference.Publications that may be relevant for the topic include: Strategic Finance, The Journal of Business Finance and Accounting, CFO Magazine, Nonprofit World, Harvard Business Review, or other accounting and financial journals.The paper should:Be based on your reading and research relevant to the topic.Be 6 double-spaced pages, including the executive summary. The title page and references are not included in the six total pages.Include a one-page Executive Summary immediately following the title page that includes a statement of the major issue(s) and your conclusions and specific recommendations. The content of an Executive Summary is similar to an abstract.Properly cite reference sources: these may include course material, information from magazines, journals, and online sources. All reference sources must have a publication date within the last fifteen years. Students who wish to use an older source publication should contact the instructor with the request and reason.