The roles of a finance manager include pursuing investment opportunities, finding funds to finance investments, making investment, financing, and asset management decisions. Specifically, a finance manager is responsible for raising long-term finance, making investment decisions on new products/expansion, and managing working capital like debtors and inventory. Overall, a finance manager ensures the company complies with financial regulations, safeguards assets, and makes decisions to maximize the total wealth and value of the firm over the long run.
Regardless if you’ve been operating for a long time already, by writing up a business plan for your retail store, you can get an overview of what you want to achieve with your business, and guidelines for how you’ll achieve your goals. A retail business plan is a solid foundation for the success of your business, whether you seek funding or not. It helps you see clearly what your business looks like and how it’s positioned in your target market. If you need to get funding, your retail business plan will work as proof that you and your business are good for investment. Studies suggest you can double your chances of securing a loan with a business plan and grow your business.
Social development club is a leading course content provider of India with a key focus on skilling courseware development. We deliver complete package required to deliver the Skill development program effectively. We develop NCVT and SSC aligned courses of all the domains and for all the schemes.
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Regardless if you’ve been operating for a long time already, by writing up a business plan for your retail store, you can get an overview of what you want to achieve with your business, and guidelines for how you’ll achieve your goals. A retail business plan is a solid foundation for the success of your business, whether you seek funding or not. It helps you see clearly what your business looks like and how it’s positioned in your target market. If you need to get funding, your retail business plan will work as proof that you and your business are good for investment. Studies suggest you can double your chances of securing a loan with a business plan and grow your business.
Social development club is a leading course content provider of India with a key focus on skilling courseware development. We deliver complete package required to deliver the Skill development program effectively. We develop NCVT and SSC aligned courses of all the domains and for all the schemes.
Contact: sdccourses@gmail.com, http://www.socialdevelopment.club
Classical country-based trade theories and Modern Firm-based trade theoriesHelmee Halim
This paper presents an analysis of classical country-based theories and modern firm-based theories. Subsequently, further critical analysis is presented based on Mercantilism, being the least favorable theory and The National Competitive – Porter’s Diamond theory being the most appealing theory. This paper concludes with a case study of Toyota Motor Corporation’s global strategy in the international trade.
America's gateway to the Pacific Rim.
Building on a shared commitment to eliminate pollution from port-related operations, Pasha Stevedoring and Terminals L.P. and the Port of Los Angeles are launching the Green Omni Terminal Demonstration Project, a full-scale, real-time demonstration of zero and near-zero emission technologies at a working marine terminal.
The existing business environment is very turbulent so corporate houses find it very difficult in managing their financial statement. In such scenario, financial management plays significant role for the companies for managing and organizing their financial data and
statements. In the following study different financial tools and techniques will be applied on the London Woods company to analyze its financial performance which will help it in decision making.
Examine any one organization or institution that promote project development,...Kudzai Chibarinya
Examine any one organization or institution that promote project development, to what extent is it fulfilling its role in the current economic environment
Classical country-based trade theories and Modern Firm-based trade theoriesHelmee Halim
This paper presents an analysis of classical country-based theories and modern firm-based theories. Subsequently, further critical analysis is presented based on Mercantilism, being the least favorable theory and The National Competitive – Porter’s Diamond theory being the most appealing theory. This paper concludes with a case study of Toyota Motor Corporation’s global strategy in the international trade.
America's gateway to the Pacific Rim.
Building on a shared commitment to eliminate pollution from port-related operations, Pasha Stevedoring and Terminals L.P. and the Port of Los Angeles are launching the Green Omni Terminal Demonstration Project, a full-scale, real-time demonstration of zero and near-zero emission technologies at a working marine terminal.
The existing business environment is very turbulent so corporate houses find it very difficult in managing their financial statement. In such scenario, financial management plays significant role for the companies for managing and organizing their financial data and
statements. In the following study different financial tools and techniques will be applied on the London Woods company to analyze its financial performance which will help it in decision making.
Examine any one organization or institution that promote project development,...Kudzai Chibarinya
Examine any one organization or institution that promote project development, to what extent is it fulfilling its role in the current economic environment
Critically analyze the business operating environment of a project you are fa...Kudzai Chibarinya
Critically analyze the business operating environment of a project you are familiar with and what are the prospects of its success, What are the area of improvements of any would you recommend to the project sponsors for it to be successfully.
Sample finance assignment, Expertsmind.com prepares finance assignments, finance homework and finance projects for university students for each grade levels.
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Write a 1,250-1,500-word paper analyzing concepts of contemporary .docxsleeperfindley
Write a 1,250-1,500-word paper analyzing concepts of contemporary financial management within the context of today's economic conditions and the increased occurrences of corporate restructuring.
Research financial management and corporate restructuring. Use a minimum of three articles to support your analysis. When researching, focus on articles which discuss real-world cases that exemplify the essence of each required component below and how they can or may have contributed to a corporate restructuring.
Your analysis should include a discussion of the following:
The roles and objectives of financial management.
The significance of evaluating financial performance, financial planning, and forecasting, and examples of how each can be carried out.
Current conditions of fixed income and common stock securities and how these conditions impact financial management.
Risk and return and its role in financial management.
The main objectives of
a firm or and individual should never invest there capital without ensuring that their assets. A company or and individual should invest there capital in a way that their assets will obtain an income of money before the liabilities demand an expense.
Liquidity is important to firms, to ensure they are capable of maintaining an adequate and regular amount of funds.
Capital budgeting is to insure that a firm is utilizing funds properly and to the best judgments while increasing the capacity of an enterprise.
Capital structure management is in place to ensure that proper decision making is being practiced and that funding is allocated properly. Risk management is also important which includes the management of interest rates, financial, market prices, exchange rates, and credit management.
It is important to have financial control of a firm and exercise the control of finances.
The main roles of a firm are important to achieve the main goal of profitability for stakeholders and the firm. The
upper level executives of a firm are given specific roles for different business units in an organization in order to have
involvement of best practice in reporting, financial management and financial governance.
For a company to be successful and legal, executives must perform
adequate planning and budgeting to point out the liquidity slack and liquidity surplus periods.
Its important for a firm to balance priorities within a budget and is responsible for the financial projections of the firm.
An executive must know and understand how much a product is expected to cost and how much revenue it is expected to earn so that the executive can invest the appropriate amount in the product.
While staying legal and ensuring the companies profitability, there are many risks to take in consideration. While playing out the duties as an executive it is important to manage risk throughout the company's balance sheet while providing robust advice on improving the performance of assets.
In conclusion, there is a lot t.
The Future of Digital Lending in Ethiopia
The traction that met Michu and Telebirr early on highlights the massive demand for uncollateralized digital credit in Ethiopia. New entrants such as Kacha Digital Financial services have also announced they’re eying the micro-credit market. The impending entrance of Safaricom’s M-PESA is undoubtedly going to have an impact, but the telecom operator must wait until the National Bank of Ethiopia (NBE) sets rules before it can enter the fray.
Among the most significant recent developments in the digital lending sphere is credit cards. Awash Bank has announced it will start issuing credit cards to its clients in both secured and unsecured loan forms. Clients will be able to access as much as a few hundred thousand Birr in credit from the bank, with limits depending on the loan type.
It is a significant milestone for the Ethiopian financial sector, and the development is likely to be followed up by even more big changes.
Central bank regulators are working on a digital lending framework that will likely see micro-credit providers gain a step up in the financial sector. As it stands, mobile money providers are the only non-traditional financial institutions allowed to engage in micro-credit service but are still required to partner with banks or MFIs to access loanable funds.
The central bank, however, has recently expressed intentions to allow fintechs to loan out funds sourced from entities other than banks or MFIs. Common practice in other countries indicates that these other sources are usually private equity firms, individuals or development institutions. This model is practiced in various countries across the globe.
For instance, In Kenya, Digital Credit Providers (DCPs) were not regulated by the central bank until recently and sourced funds from various sources without having to disclose them to the central bank.
Nonetheless, close to 300 DCPs have applied for licenses from the Kenyan central bank this year after regulators put out a call following a decision that compels lenders to disclose their source of funding. Ten of them have already been licensed. Development Financial Institutions, commercial banks, private equity firms and high-net-worth individuals are some of the popular sources of funding that Kenya-based DCPs use for lending.
The implementation of various models of lending come with their own advantages and disadvantages. Here are the possible opportunities and threat that the Ethiopian market will experience as a result of the upcoming changes:
Opportunities
Encourages the development of new lending models such as peer-to-peer (P2P lending). Countries with advanced digital lending models have progressed to be able to offer a slew of innovative lending products. Diversifying the source of funds would allow creditors to experiment with innovative use cases based on their own risk appetite as they’ll be able to retain the risk on their own.
Provides a more attractive business cases.
1. REFFERENCE LIST
Ang, James S., Rebel A. Cole, and James Wuh Lin. “Agency Costs and Ownership Structure.”
Journal of Finance 55 (February 2000), 81–106.
Megginson, William L. “Outside Equity.” Journal of Finance 55 (June 2000), 1005–1038.
Brennan, Michael. “Corporate Finance Over the Past 25 Years.” Financial Management 24
(Summer 1995), 9–22.
Carlos ,DavidFlynn,MichaelMordern Corporate Finance”Financial Management 2001 ,15-17
2. BUSINESS MANAGEMENT (FINANCE) DEPARTMENT
“Managing business through People”
PROGRAMME BUSINESS MANAGEMENT (HMAN)
LEVEL 4.1
MODE OF ENTRY CONVENTIONAL
MODULE FINANCIAL PLANNING AND CONTROL
LECTURER MR MAPETERE (BM411)
NAME OF STUDENTREG NO
MASHORA FIDELITY TATENDAR111613X
PONGO CAROLINER111072F
CHIBARINYA KUDZAIR112742Q
ASSIGNMENT 1
What are the roles(objectives) of a finance manager(20) marks
“The Lord will perfect that which concerns me”
3. Psalms 138 vs 8
Organizations operate in a complex, dynamic, and global business environment which forces a
company to operate quickly with relevant business insights to gain competitive advantage. One
of the most crucial people in the organization that ensure that the organization achieves the
organization’s objectives is the financial manager.Financial managers may also be known as
financial analysts or business analysts.The roles of financial managers vary significantly.
According to Carlos at al (2001) financial managers have two primary roles thus to pursue
wealth-creating investment opportunities and to find funds to finance the investments. This can
be illustrated diagrammatically below.
OPERATING ASSETS
Non-Current
Current
Explores Investment opportunities and
makes investment decisions
Financial Assets
CAPITAL MARKET
Equit
Debt
Explores Financing opportunities and
makes financing decisions
Money Market
FINANCIAL
MANAGER
4. Ang at al (2000) is of the view that financial managementis concerned with the acquisition,
financing, and management assets with some overall goal in mind. Thus the decision function of
financial management can be broken down into three major areas: the investment, financing, and
asset management decisions.
However, before the Finance manager can decide on these strategies he needs to identify what
the objectives of the company are, one of them being profitable, but this objective can be stated
in various ways. The objectives are different for the various stakeholders in a company and it is
the objectives that will determine the strategies to be followed. Efficient financial management
requires the existence of some objective or goal, because judgment as to whether or not a
financial decision is efficient must be made in light of some standard. Although various
objectives are possible, we assume in this book that the goal of the firm is to maximize the
wealth of the firm’s present owners. Shares of common stock give evidence of ownership in a
corporation. Shareholder wealth is represented by the market price per share of the firm’s
common stock, which, in turn, is a reflection of the firm’s investment, financing, and asset
management decisions. The idea is that the success of a business decision should be judged by
the effect that it ultimately has on share price.
Megginson at al (2000). Believes that he role of the Financial Manager is to make the right
decisions in order to achieve the objectives of the company in the future. The three key areas that
the Financial Manager is concerned with are as follows:
The raising of long-term finance:
The company needs finance for investment and in order to expand. Finance can be raised from
shareholders or from debt – it is the job of the Financial Manager to be aware of the different
sources of finance and to decide which source to use.In addition, dividend policy must be viewed
as an integral part of the firm’s financing decision. The dividend-payout ratiodetermines the
amount of earnings that can be retained in the firm. Retaining a greater amount of current
earnings in the firm means that fewer dollars will be available for current dividend payments.
The value of the dividends paid to stockholders must therefore be balanced against the
opportunity cost of retained earnings lost as a means of equity financing. Once the mix of
5. financing has been decided, the financial manager must still determine how best to physically
acquire the needed funds. The mechanics of getting a short-term loan, entering into a long-term
lease arrangement, or negotiating a sale of bonds or stock must be understood.
The investment decision:
The investment decision is the most important of the firm’s three major decisions when itcomes
to value creation. It begins with a determination of the total amount of assets needed to be held
by the firm.Decisions have to be made as to where capital is to be invested. Decisions such as is
it worth launching a new product? Is it worth expanding the factory? Is it worth acquiring
another company? cannot be carried out without consulting the finance department. It is the
Financial Manager’s role to decide on which criteria to employ in making this kind of investment
decision.
The management of working capital
The term working capital in the broad sense refers to investments made in current assets which
comprises of cash, debtors, bills receivable, inventories. In other words, it is the aggregate of all
the currents assets held by a firm as on the given date it is that part of the capital. In
accountingworking capital is defined as the difference between the inflows. It is defined as the
excess of current assets over current liabilities and provisions.Working capital also refers to that
part of total capital which is used for carrying out the routine or regular business operations.
Working capital = current assets less current liabilities
In order for the company to operate, it will have to accept a certain level of debtors and it will
have to carry a certain level of stock. Although these are needed to operate the business
successfully, they require long-term investment of capital that is not directly earning profits.
Debtors and stock are just two components of working capital and it is a job of the Financial
Manager to ensure that the working capital is managed properly and that it is high enough to
enable to company to operate efficiently, but that it does not get out of control and end up
wasting money for the company.
6. Comply with authorities and safeguard assets
Financial management is essential to ensuring that an organization carries out its transactions in
accordance with applicable legislation, regulations and executive orders; that spending limits are
observed; and that transactions are authorized. It also provides an organization with a system of
controls for assets, liabilities, revenues and expenditures. These controls help to protect against
fraud, financial negligence, violation of financial rules or principles and losses of assets or public
money. The objective of financial management is wealth maximization rather than profit
maximization. Wealth maximization means the total value of the firm.
Asset Management Decision
The third important decision of the firm is the asset management decision. Once assets have been
acquired and appropriate financing provided, these assets must still be managed efficiently. The
financial manager is charged with varying degrees of operating responsibility over existing
assets. These responsibilities require that the financial manager be more concerned with the
management of current assets than with that of fixed assets. A large share of the responsibility
for the management of fixed assets would reside with the operating managers who employ these
assets.
The Goal
Conclusively, the roles of financial managers vary significantly.The generic nature of the job
title can be misleading as the level and scope of the responsibilities involved in any role
can differ enormously. In larger companies for instance, the role is more concerned with strategic
analysis, while in smaller organizations a financial manager may be responsible for the collection
and preparation of accounts.