Financial management is all about efficient and effective management of the monetary resources of an organization.
The objectives of financial management are profit maximization (including maximization of shareholders wealth), financial decision making (future proof) and maintaining proper cash flow.
This all is necessary to secure operations in order to pay the day-to-day expenses, wages, etc. Cash flow is an important indicator on how healthy a company financially is. Next to that, there are a lot of other ratios and financial tools that can help the finance manager to get more grip on financial management. Many theories can be found for the financial area, they are geared towards analysing and calculating business turnovers.
There have been lots of scientific and practical studies on finance and management for a learning point of view.
What are the most known and used financial models and methods? What are their success stories and practical tips when you apply these? These posts are all about great financial management tools.
This article provides a practical explanation of Cost Benefit Analysis. After reading this, you’ll understand the basics of this powerful financial management and decision-making tool. What is a Cost Benefit…
This article will explain the importance of maintaining inventory count. The explanation of this financial management tool will help you understand the importance of correctly-implemented inventory monitoring, and why this…