"The business function concerned with profitability, expenses, cash and credit..."
The process of managing a business's finances, including budgeting, forecasting, and accounting.
Financial Statements: Understanding the basic financial statements, such as balance sheets, income statements, and cash flow statements, and their role in financial management.
Financial Analysis: Techniques and tools for analyzing financial statements, key financial ratios, and interpreting financial information.
Financial Forecasting: Forecasting future financial performance based on projected financial statements and key assumptions.
Financial Planning: Developing a comprehensive financial plan that includes short-term and long-term financial objectives and strategies.
Cash Management: Managing cash inflows and outflows, optimizing cash flow, and minimizing the risks associated with cash management.
Budgeting: Preparing budgets for various business activities, setting goals and objectives, and monitoring and controlling budgets.
Investment Analysis: Analyzing potential investments, evaluating risks and returns, and making investment decisions.
Capital Structure: Determining the optimal capital structure and financing mix for a company, including debt and equity financing.
Cost of Capital: Understanding the cost of capital and how it affects investment decisions.
Risk Management: Identifying and managing risks associated with financial activities, such as credit risk, market risk, and liquidity risk.
Tax Planning: Planning for tax obligations, understanding tax regulations, and minimizing tax liabilities.
Financial Markets: Understanding financial markets, including stock markets, bond markets, and foreign exchange markets.
Corporate Finance: Understanding the financial decisions made by corporations, including mergers and acquisitions, dividend policies, and capital budgeting.
Entrepreneurial Finance: Understanding financial management for startups and small businesses, including fundraising, building financial models, and managing cash flow.
Personal Finance: Understanding personal finance, including budgeting, investing, and retirement planning.
Corporate Finance: This is the study of financial decision-making within a business entity, which involves investments, financing, and risk management.
Investment Management: This involves managing the assets (stocks, bonds, real estate, etc.) of an individual or organization to maximize returns and minimize risks.
Financial Planning: It involves the process of identifying financial goals, developing a plan to achieve them, and monitoring progress over time.
Risk Management: This involves identifying, assessing, and managing risks that could affect the financial health of an organization.
Wealth Management: This involves managing the financial assets, investments, and liabilities of high net worth individuals and families.
International Financial Management: This involves managing the financial risks and opportunities associated with multinational businesses, cross-border transactions, and foreign investments.
Behavioral Finance: It involves studying the impact of psychology on financial decision-making, which helps in understanding the irrational behavior of investors and market participants.
Personal Finance: It involves managing individual financial resources, such as budgeting, saving, investing, and planning for retirement.
Quantitative Finance: This involves the application of mathematical and statistical models in financial decision-making, including asset pricing, risk assessment, and portfolio optimization.
Financial Analysis: This involves analyzing financial data and information to evaluate the financial performance and health of an organization.
"...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."