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Financial Management

Financial management is all about efficient and effective management of the monetary resources of an organization.

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.

Financial Accounting

August 13th, 2019

This article will give a practical explanation of financial accounting. After reading, you will understand the basics of this powerful financial management discipline. What is financial accounting? Financial accounting is a branch of accounting that generates information about a…

Total Cost of Ownership (TCO)

June 27th, 2019

In this article, Total Cost of Ownership (TCO) will explained in practical terms. After reading, you will understand the basics of this powerful financial management tool. What is the Total Cost of Ownership (TCO)? Total Cost of Ownership (TCO) is…

Financial Planning

May 16th, 2019

This article provides a practical explanation of Financial Planning. After reading, you will have a basic understanding of this powerful financial management tool. What is Financial Planning? Financial Planning is a vital part of financial management, and the first…

Cost Benefit Analysis (CBA)

August 31st, 2018

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 Analysis? A Cost Benefit Analysis (CBA) is a…

DuPont Analysis

August 27th, 2018

This article provides a practical explanation of DuPont Analysis. After reading this, you will understand the basics of this powerful financial management tool. What is DuPont Analysis? The DuPont Analysis, also known as the DuPont Identity, is a fundamental…

Beyond Budgeting

August 1st, 2018

The Beyond Budgeting model aims to realise an organisation that is extremely adaptable like restructuring the entire organisational structure and implementing a new performance management process. This article provides a practical explanation of Beyond Budgeting. After reading this, you…

Net Present Value (NPV)

May 3rd, 2018

This article explains the concept of a Net Present Value or NPV. After assimilating it, you will be able to understand the basics of this financial indicator. What is the Net Present Value? The Net Present Value (NPV)…

Internal Rate of Return (IRR)

April 19th, 2018

This article explains the concept of a Internal Rate of Return or IRR. After assimilating it, you will be able to understand the basics of this financial indicator. What is the Internal Rate of Return (IRR)? Internal Rate…

Inventory count

March 23rd, 2018

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 is important for the business. What is an inventory…
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