"The business function concerned with profitability, expenses, cash and credit..."
The management of a corporation's financial resources, including accounting, financial reporting, and investment management.
Financial Statements: The statements used to reflect the financial position and performance of a corporation, including the balance sheet, income statement, and cash flow statement.
Financial Analysis: The process of examining a corporation's financial statements and ratios to evaluate its performance and financial health.
Budgeting and Forecasting: The process of creating and managing a corporation's financial plan, including projecting revenues and expenses to prepare for future financial outcomes.
Capital Budgeting: The process of evaluating and selecting long-term investment projects and how to finance those projects.
Working Capital Management: The management of short-term assets and liabilities, including cash, accounts receivable, and inventory, to ensure that a corporation can operate efficiently and meet its financial obligations.
Cost of Capital: The cost of financing a business, including the cost of debt and equity, and how to determine the optimal capital structure for a corporation.
Risk Management: The process of identifying and managing potential risks that could negatively impact a corporation's financial performance, including market risk, credit risk, and operational risk.
Financial Modeling: The development of mathematical models to simulate complex financial scenarios and predict outcomes.
Corporate Finance Strategy: The development of a comprehensive financial plan to achieve a corporation's long-term goals and objectives.
Corporate Governance: The system of rules, practices, and processes by which a corporation is directed and controlled, including board governance, executive compensation, and shareholder rights.
Financial Planning: Analyzing financial data to create long and short-term financial plans.
Financial Analysis: Evaluating financial data to identify patterns and trends and make recommendations based on that analysis.
Financial Accounting: Recording, classifying and summarizing financial transactions to create financial statements and reports.
Managerial Accounting: Providing financial information to management for decision-making purposes.
Budgeting: Creating financial plans for future periods based on forecasts and goals set by management.
Cash Management: Managing cash flows and liquidity to ensure the company has sufficient funds to meet ongoing commitments.
Risk Management: Identifying and managing risk through financial instruments such as insurance or hedging strategies.
Investment Management: Managing financial assets to achieve the company’s investment objectives.
Capital Structure Management: Managing the mix of debt and equity financing to optimize the company’s cost of capital.
Corporate Finance: Analyzing financial data to create strategies for maximizing shareholder value.
"...maximizing the value of the firm for stockholders."
"...short- and long-term financial resources..."
"Financial managers (FM) are specialized professionals directly reporting to senior management, often the financial director (FD)."
"The function is seen as 'Staff', and not 'Line'."
"...to ensure the objectives of the enterprise are achieved."
"Profitability, expenses, cash and credit..."
"...so that the organization may have the means to carry out its objective as satisfactorily as possible."
"...to carry out its objective as satisfactorily as possible."
"The efficient acquisition and deployment of financial resources..."
"...stockholders."
"Profitability" is one of the key areas of concern in financial management.
"The financial director (FD)"
"...the business function concerned with profitability, expenses, cash and credit..."
"...to ensure the objectives of the enterprise are achieved."
"The business function concerned with... cash and credit..."
"...senior management"
"Expenses" are one of the key areas of concern in financial management.
"...efficient acquisition and deployment of both short- and long-term financial resources..."
"To ensure the objectives of the enterprise are achieved."