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Financial management is the business function concerned with profitability, expenses, cash and credit. [1] These are often grouped together under the rubric of maximizing the value of the firm for stockholders. The discipline is then tasked with the "efficient acquisition and deployment" of both short- and long-term financial resources, to ...
Financial management for IT services (ITFM) aims to optimize the cost of IT Services while taking into account quality and risk factors. The analysis balances cost against quality and risk to create cost optimization strategies. ITFM is based on standard financial and accounting principles, but using specific principles that are applicable to ...
Management accounting principles ( MAP) were developed to serve the core needs of internal management to improve decision support objectives, internal business processes, resource application, customer value, and capacity utilization needed to achieve corporate goals in an optimal manner. Another term often used for management accounting ...
Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. [1] This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are ...
Corporate finance is the area of finance that deals with the sources of funding, and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase ...
This includes different parts of the business plan, for example marketing and sales plan, production plan, personnel plan, capital expenditure, etc. These all have financial implications for the financial managers of an organisation. The objective of the Financial Management is the maximisation of shareholders wealth.
May 1, 2024 at 3:00 PM. Picture Perfect / Shutterstock.com. Leading financial expert Suze Orman originally published her New York Times bestselling book, “The 9 Steps to Financial Freedom ...
Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter.It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).
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