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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 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 Planning: the basics and process

January 25th, 2024

Financial Planning: this article provides a practical explanation of Financial Planning. Next to what it is, this article also highlights the allocation of resources, the process via Strategic Management, the Necessity and Financial Statements. After reading, you will have…

Activity Based Management (ABM)

January 18th, 2024

Activity Based Management (ABM): this article explains the Activity Based Management (ABM), developed by James Brimson and John Antos in a practical way. Next to what this concept is, this article also higlights the advantages of this method, the…

Direct Costing Method: Summary and Example

January 18th, 2024

Direct Costing Method: this article explains the Direct Costing Method in a practical way. The article contains the definition and basic explanation of this method, including examples of situations where this calculation method is valuable. You will also find advantages…

Absorption Costing explained

September 8th, 2023

Absorption Costing: This article explains Absorption Costing in a practical way. In addition to explaining what is and means, this article also highlights three different types and an extensive calculation example including formula. After reading you will understand the basics…

CAPEX: Capital Expenditure

August 23rd, 2023

CAPEX (Capital Expenditure): This article explains the term CAPEX or Capital Expenditure in a practical way. The article contains information about the meaning of the term CAPEX and how to calculate it, along with examples, its usefulness and the risk…

DuPont Analysis explained

August 20th, 2023

DuPont Analysis: this article provides a practical explanation of DuPont Analysis. This article contains a general definition of the method, the calculation and formula, a practical example and de pros and cons. After reading this, you will understand the…

Beyond Budgeting approach explained

August 20th, 2023

Beyond Budgeting approach: the Beyond Budgeting model aims to realise an organisation that is extremely adaptable. This article provides a practical explanation of Beyond Budgeting approach. Highlights include: what is beyond budgeting, beyond budgeting vs traditional budgeting, 12 principles of…

Discounted Dividend Model (DDM)

August 15th, 2023

Dividend Discount Model: This article explains the Dividend Discount Model (DDM) in a practical way. The article starts with a general defintion of the DDM, followed by some general information about why this model is important and why it is…

Cost Benefit Analysis (CBA) explained

May 24th, 2023

Cost Benefit Analysis: this article provides a practical explanation of Cost Benefit Analysis. Next to what it is, this article also highlights the applications of this method, the steps to apply it, and it’s shortcommings and additions. After reading…

Auditing explained including the definition

May 3rd, 2023

Auditing: this article provides a practical explanation of an audit and the concept of auditing. Next to what it is (definition), this artcile also highlights the purpose, the differnce between internal and external audits,types of audits, and an example…
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