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.
Unlike traditional cost price systems, activity based costing does establish a causal link between the cost drivers and indirect costs. By passing on this insight to the responsible cost drivers, a transparent and cost-conscious conduct is stimulated.
A Fundamental Analysis is usually used in the investments world and provides sound information about the financial statements and the financial health of a company or organization so that it becomes clear for a buyer whether it is attractive to buy a share or not.
RECEIVE NEW ARTICLES +
FREE TOOLSHERO TEMPLATE
In addition to our newsletter, you will receive our free “Business Model You” template to get started with your personal development.