"The business function concerned with profitability, expenses, cash and credit..."
The management of personal or organizational finances to maximize financial success and minimize risk.
Financial Statements: Understanding the three key financial statements—balance sheet, income statement, and cash flow statement.
Budgeting: Creating a budget and tracking your expenses, understanding fixed and variable expenses, and creating a savings plan.
Taxes: Understanding the basics of personal and business taxes, including deductions, credits, and strategies to minimize your tax liability.
Investment Basics: Learning about the different types of investment options, risk and return, diversification, and investment strategies.
Retirement Planning: Planning for the future by understanding different types of retirement accounts, how to calculate retirement needs, and leveraging compound interest.
Debt Management: Understanding the difference between good and bad debt, how to manage debt, debt consolidation, and debt repayment strategies.
Financial Planning Tools: Understanding the financial tools available to help manage your finances, including financial software, apps, and spreadsheets.
Credit Score and Credit Reports: Understanding credit scores and reports, how they impact your financial situation, and how to improve your credit score.
Financial Services: Understanding different types of financial services, including banking, loans, credit cards, insurance, and investment services.
Financial Analysis: Learning how to analyze financial statements, calculate ratios, and assess the financial health of a company.
Financial Ethics: Understanding ethical practices in finance, including fair credit practices, risk management, and corporate responsibility.
Financial Markets: Understanding the global financial markets, financial instruments, and how they impact the economy and your finances.
Business and Personal Finance: Understanding the fundamentals of business finance, including financial management, accounting, financial planning, and financing options.
Entrepreneurial Finance: Learning how to finance a start-up, create a business plan, secure funding, and balance financial risks.
Personal Investing Strategies: Developing a personal investment strategy, including portfolio diversification, risk management, and long-term investment planning.
Personal finance management: This involves managing personal finances, including budgeting, saving, investing, and managing debts.
Corporate finance management: This type of financial management involves managing the financial resources of a company, including financial planning, investment decisions, and managing risks.
Financial risk management: It involves identifying, evaluating and managing financial risks that a company may face in terms of credit risk, foreign exchange risk, interest rate risk, etc.
Investment management: This type of financial management involves managing investment portfolios for individuals, corporations, and institutional clients through strategic investment planning and analysis.
Public finance management: This type of financial management involves managing the finances of a government or public sector entity, including budgeting, taxation, and debt management.
Fixed income management: It involves managing investment portfolios that comprise primarily of fixed income securities such as bonds, money market instruments, and other structured products.
Wealth management: This type of financial management comprises financial planning and investment management services for high-net-worth individuals, including estate planning, tax planning, and customized investment solutions.
Insurance management: It involves managing risks related to insurance policies, including identifying and evaluating risks, setting premiums, and maximizing financial returns.
Real estate finance management: This type of financial management involves managing financial resources related to the purchase, sale or development of real estate, including financial analysis and management of debt and equity financing.
Treasury and cash management: This type of financial management involves managing a company's treasury functions, including cash and liquidity management, foreign exchange management, and risk management.
"...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."