Financial Manager

Financialmanagementisanintegralpartofoverallmanagement.Itisconcernedwiththe dutiesofthefinancialmanagersinthebusinessfirm.Thetermfinancialmanagementhasbeendefined bySolomon,"Itisconcernedwith theefficientuseofanimportanteconomicresourcenamely,capitalfunds".Thus, Financial Management is mainly concerned with the effective funds management in the business. In simple words, Financial Management as practiced by business firms can be called as Corporation Finance or Business Finance. This paper provides the approaches and objectivestowards financial management.

European Journal of Business and Management, 2017

Financial Management refers to the application of general management principles to the various financial resources which are projecting. This encompasses planning, organizing, directing and controlling of the financial activities. Financial planning is process of framing objectives, policies, procedures, programs and budgets regarding the financial activities. This ensures effective and adequate financial and investment policies, adequate funds have to be ensured, ensuring a reasonable balance between outflow and inflow of funds, ensuring suppliers of funds, preparation of growth and expansion programs which helps in long-run survival of the company, reduction of uncertainties with regards to changing market trends which the company could be faced with, ensuring stability and profitability. Keywords: management, finance, organization, growth

Accounting: Accounting is the process of recording, classifying, summarizing, analyzing, interpreting and communicating the result of financial transactions. Features: Financial character: 1. Assets that can be evaluated in terms of money such as furniture purchased, computer purchased etc. 2. The things which cannot be evaluated in terms of money such as honesty, discipline which are non – financial character 3. Accounting keeps records of things that can be evaluated in terms of money. Continuous and dynamic process: 1. Accounting is the dynamic process and continuous process it is performed continuously. Based on principle/ assumption/ concept: 1. Accounting is based on the principles that are analyzed developed on the basis of assumption of past and conceptualized and developed. Ascertainment of profit and loss: 1. Accounting keeps record of every transaction of organization keeping record of them. Ascertainment of financial position: 1. Accounting helps in keeping record of every asset and liabilities of organization keeping record of them.

Dama Academic Scholarly Journal of Researchers | Published by: Dama Academic Scholarly & Scientific Research Society, 2020

Contemporary organizations need to practice cost control if they are to survive the recessionary times. Given the fact that many top tier companies are currently mired in low growth and less activity situations, it is imperative that they control their costs as much as possible. This can happen only when the finance function in these companies is diligent and has a hawk eye towards the costs being incurred. Apart from this, companies also have to introduce efficiencies in the way their processes operate and this is another role for the finance function in modern day organizations. There must be synergies between the various processes and this is where the finance function can play a critical role. Lest one thinks that the finance function, which is essentially a support function, has to do this all by themselves, it is useful to note that, many contemporary organizations have dedicated project office teams for each division, which perform this function. In other words, whereas the finance function oversees the organizational processes at a macro level, the project office teams indulge in the same at the micro level. This is the reason why finance and project budgeting and cost control have assumed significance because after all, companies exist to make profits and finance is the lifeblood that determines whether organizations are profitable or failures.

UMCCed potential to grow and be competitive to retain business is wide open because of the opportunities as ......

Westford University College, 2022

Understand the planning, budgeting, and forecasting concepts of finance management Understand the control of performance management and internal control environment for risk control Understand the financial statement and decision analysis, including risk management Know the shareholder/ corporate value creation, including M&As and disposals Understand the control and management of operational and financial risk in a business

Manager-The British Journal of Administrative Management, Industry Qualifications, The Institute of Administrative Management, UK, 2023

The objective of this study was to witness the effect of the financial management practice on the financial performance services companies in India. This study viewed the effect of financial management practice of all the mechanisms of financial management those were specifically; working capital, investment decision and financial decision of the services companies in the Mogadishu area. The study employed explanatory and descriptive research design. A sample of 145 respondents was selected using the stratified sampling technique. The data collected through a cross sectional questionnaire. The findings discovered that Working capital, investment decision, are significant determinants of financial performance of the services companies in Somalia. The findings indicated that the most important variable in the model was investment decision (β = 0.544). This was followed by working capital management (β = 0.419), while financial decisions were (β=-0.010.), these showed rejected. The study, therefore, recommends that services companies in Mogadishu needed to have Working capital management policy and investment decision policy which were impacted positively on the overall financial performance.

2012

Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2018

The present paper analyzes the stages of the emergence and evolution as well, of the financial management concept in the light of the modern theories expressed by various specialists in the field of corporate finance that have become the basis for its development as a science. It also identifies the main views of different famous economists and the relevant periods that have contributed significantly to the scientific foundation of the notion of financial management. In the same time, the authors drew some proper conclusions related to the premises of the development of financial science and also to the research priorities in the financial management of the enterprises/firms/signboards. In the article we highlighted a series of important concepts, more or less known or completed, beginning with the evolution of the term "management", from the etymological point of view and continuing with the presentation of the manner in which financial management was imposed as a science...