"The business function concerned with profitability, expenses, cash and credit..."
Understanding the financial implications of change management programs and developing suitable budgeting and financial management strategies.
Financial Analysis: Understanding financial statements and ratios to evaluate the financial health of an organization.
Cash Management: Techniques for managing cash flows and the importance of cash flow forecasting.
Financial Planning and Forecasting: Techniques for preparing financial plans and forecasts, including budgeting and sensitivity analysis.
Risk Management: Techniques for identifying, assessing, and managing financial risks, including credit, market, and operational risks.
Investment Analysis: Techniques for evaluating investment opportunities, including capital budgeting and net present value analysis.
Capital Structure: Decision-making regarding the mix of debt and equity financing for an organization, and the impact on the organization's cost of capital.
Cost of Capital: The cost of obtaining capital for an organization, including the cost of debt and equity financing.
Financial Markets and Institutions: An overview of the role of financial markets and institutions in the economy, including the stock market, bond market, and commercial banks.
Valuation: Techniques for valuing assets, including stocks and bonds.
Financial Regulations: Understanding the impact of financial regulations on organizational change management and the role of government agencies in regulating financial markets and institutions.
Performance Measurement: Techniques for measuring and evaluating financial performance, including financial ratios and benchmarking.
Corporate Governance: Understanding the relationship between management and shareholders in terms of financial management and accountability practices.
Financial Reporting: Understanding the principles and practices of financial reporting, including various frameworks and standards.
Taxation: Understanding the impact of taxation on financial management and decision-making.
International Finance: An overview of the complexities of managing financial operations in a global context, including exchange rate risk and international financing options.
Cash flow management: Cash flow management is the process of monitoring, analyzing, and optimizing the cash flow of an organization to ensure it remains positive.
Risk management: Risk management involves identifying, assessing, and prioritizing risks and taking measures to mitigate them.
Investment management: Investment management involves managing an organization's investment portfolio to maximize returns while minimizing risks.
Cost management: Cost management is the process of identifying, analyzing, and reducing expenses to improve profitability.
Financial planning: Financial planning involves developing a long-term strategy for an organization's finances, including budgeting, forecasting, and setting financial goals.
Accounting management: Accounting management involves managing an organization's financial records, including bookkeeping, financial reporting, and tax compliance.
Debt management: Debt management involves managing an organization's debt, including debt repayment planning and debt restructuring.
Asset management: Asset management involves managing an organization's assets to maximize their value and minimize risk.
Strategic financial management: Strategic financial management involves developing and implementing financial strategies that align with an organization's overall goals and objectives.
Mergers and acquisitions: Mergers and acquisitions involve the process of combining two or more organizations through the acquisition of one or more entities. Financial management is critical to successfully completing a merger or acquisition.
"...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."