Posts Tagged ‘financial management function’
Financial Management Reviews
It’s called financial management (or management of movement of funds) to all processes are to achieve, maintain and use money, whether physical (notes and coins) or through other instruments such as checks and credit cards. Financial management is making the vision and mission in monetary transactions.
Functions
• The identification of financial needs: addressing needs, description of existing resources, foresight and released resource calculation of the external financing needs.
• The achievement of financing according to its most beneficial: taking into account costs, deadlines and other contractual conditions, fiscal conditions and the company’s financial structure.
• The judicious application of financial resources including cash surpluses: a way to get a balanced financial structure and adequate levels of efficiency and profitability.
• The financial analysis: including good harvest, though the study of information so as to obtain definite answers on the company’s financial situation.
• The analysis on the economic and financial viability of investments. Read the rest of this entry »
Financial Planning and Economy Plan
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Distinction between economic and financial
The economic concept is related to the results, gains and losses, costs.
Financially is all related to the particular movement of funds, revenue (sources) or outflows (applications).