The document discusses the role and objectives of financial management. It defines the scope of financial management as securing capital and employing it efficiently to generate returns for owners. The modern financial manager plays an active role in investment, financing, and liquidity decisions compared to the traditional manager. Financial management is concerned with production and marketing functions whenever asset decisions are made. The basic financial decisions involve risk-return tradeoffs. Wealth maximization is a superior objective to profit maximization as it considers the long-term value and risk of the firm.
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introduction to financial management
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what is financial management
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concept of financial management
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areas of finance
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scope/major areas of finance
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agency theory
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what is an agency problem
This ppt defines business finance, become
familiar with the role of business finance and knowing the important consideration of risks in financial decision making.
Know the relationship of business finance in other disciplines particularly accounting.
At the end of this presentation you will understand the essentials of financial management including building blocks and tools of financial management; accounting records; financial planning and monitoring; managing audits and how to safeguard your assets (internal control)
How a Financial Controller can keep your business on track and help it grow.EFM Financial Management
Read how a qualified financial controller can help plan for growth and pre-empt future challenges. They provide financial leadership and have four main areas of responsibility - accounting, internal controls, financial planning and financial analysis. Outsourcing this function offers flexibility with less financial and employment risk.
,
introduction to financial management
,
what is financial management
,
concept of financial management
,
areas of finance
,
scope/major areas of finance
,
agency theory
,
what is an agency problem
This ppt defines business finance, become
familiar with the role of business finance and knowing the important consideration of risks in financial decision making.
Know the relationship of business finance in other disciplines particularly accounting.
At the end of this presentation you will understand the essentials of financial management including building blocks and tools of financial management; accounting records; financial planning and monitoring; managing audits and how to safeguard your assets (internal control)
How a Financial Controller can keep your business on track and help it grow.EFM Financial Management
Read how a qualified financial controller can help plan for growth and pre-empt future challenges. They provide financial leadership and have four main areas of responsibility - accounting, internal controls, financial planning and financial analysis. Outsourcing this function offers flexibility with less financial and employment risk.
The Financial Accounting slideshare from WE School introduces the subject as not just a science – in the way the data is recorded) but an art too – in the way it is interpreted. Accounting is an information system which measures, processes and communicates financial information to decision makers.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
This Slideshare is the sole Property of the Welingkar School of Distance Learning – Reproduction of this material , without prior consent, either wholly or partially will be treated as a violation of copyright.
Basic principle of financial statement analysiskhomsasatun
the basic principle of financial statement analysis. purpose's analysis, method of financial statement analysis, and technic of financial statement analysis
This presentation is made by Toran Lal Verma. Meaning, nature, and scope of Financial Management are discussed. scope and objectives of financial management have been discussed along with merits and demerits.
meaning of financial management, objectives of financial management. basic concept of financial management role of finance manager key functions of finance
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.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
1. Ch-1 Nature of Financial Management
Q.1. Define the scope of financial management. What role should the financial manager play in a modern
enterprise?
A.1. The scope of the financial management is to secure the capital needed by the enterprise, and employ it in
production and marketing activities, in such a way that it can generate the sufficient returns on invested capital,
with an intention to maximize the wealth of the owners. The financial manager plays the crucial role in the
modern enterprise by supporting investment decision, financing decision, and also the profit distribution
decision. He/she also helps the firm in balancing cash inflows and cash outflows, and in turn to maintain the
liquidity position of the firm.
Q.2. How does the modern financial manager differ from the traditional financial manager? Does the modern
financial manager's role differ for the large diversified firm and the small to medium size firm?
A.2. The traditional financial manager was generally involved in the regular finance activities, e.g., banking
operations, record keeping, management of the cash flow on a regular basis, and informing the funds
requirements to the top management, etc. But, the role of financial manager has been enhanced in the today's
environment; he/she takes an active role in financing, investment, distribution of profits, and liquidity
decisions. In addition, he/she is also involved in the custody and safeguarding of financial and physical assets,
efficient allocation of funds, etc. The role of financial manager in case of diversified firm is more complicated in
comparison with a small and medium size firm. A diversified firm has several products and divisions and varied
financial needs. The conflicting interests of divisional managers make the work of financial manager quite
difficult in a diversified firm.
Q.3. "...the function of financial management is to review and control decisions to commit or recommit funds
to new or ongoing uses. Thus, in addition to raising funds, financial management is directly concerned with
production, marketing and other functions within an enterprise whenever decisions are made about the
acquisition or destruction of assets" (Ezra Solomon). Elucidate.
A.3. All functions - production, marketing etc. - require finances. The financial manager supports other
functional managers and top management to deploy the scarce resources, in such operating activities that can
generate the sufficient level of return to the firm. This gives rise to the need of proper, efficient and effective
utilization of resources. In modern era, financial manager achieves this by providing support for operating
decisions. He also helps in planning and implementing sound financial procedures and systems.
Q.4. What are the basic financial decisions? How do they involve risk-return trade-off?
A.4. The basic financial decisions include long-term investment decision, capital structure decision, (i.e.,
financing decision), profit allocation decision (i.e., dividend distribution decision), and liquidity decision. Each
and every investment decision would yield benefits in future. To evaluate the investment criteria, the firm will
estimate the future profitability, and probable rate of return on proposed investment, and compare the same with
the cut-off rate (i.e., the generally accepted minimum level of return on investment). Because of uncertain
future, investment decisions involve risk. An investor will expect higher return from an investment if risk is
high. For a lower risk investment, the expected return will be lower. This is referred to the risk-return trade-off.
The financial decisions jointly affect the market value of shares by influencing the return and risk of the firm.
Q.5. "The profit maximization is not an operationally feasible criterion". Do you agree? Illustrate your views.
A.5. The profit maximization concept does not specify clearly whether it mean short or long-term profit, or profit
before tax or after tax. In addition, in the free economy and perfect competition, businessmen pursue their own
interests to maximize the profit by utilization of resources in the efficient and effective way.
Let us assume that the maximizing the profit means maximizing profit after tax, i.e., net profit as reported by income
statement of the business firm. It should be understood that this would not maximize the welfare of the owners if
some short-term actions were taken to improve profit. For example, the manager may sell some of the assets and
then invest funds in low-yielding assets. The profit after taxes would go up in the short-term but the long-term
1
2. Ch-1 Nature of Financial Management
profitability will suffer.
Q.6. In what ways is the wealth maximizing objective superior to the profit maximization objective?
Explain.
A.6. The wealth maximizing objective means maximizing the net present value, i.e., wealth of the owner. The net
wealth of the owner is the difference between the present value of its benefits and the present value of its costs.
Any action that has a positive NPV creates wealth for the owner. The profit maximizing objective tries to
maximize the profit after tax, i.e., net profit, which in the long term may reduce the net worth of the owner. (This
is explained in answer no. 5). The profit maximization concept basically ignores the time value of money and the
risk involved in firm's activities, which are very well taken care by wealth maximization concept.
Q.7. "The basic rationale for the objective of wealth maximization is that it reflects the most efficient use of
society's economic resources and thus leads to a maximization of society's economic wealth" (Ezra Solomon).
Comment critically.
A.7. The shareholder wealth will be maximized only when customers are satisfied and workers are well paid so
that they work in the interest of customers. The wealth maximization motivates entrepreneurs to produce goods
and services by efficient allocation of resources. This in turn will maximize the net present value of society.
Q.8. How should the finance function of an enterprise be organized? What functions do the financial officers
perform?
A. 8. The finance function of a firm is generally headed by the In charge of Finance Department, who may be
known as Director of Finance or President (Finance) or General Manager (Finance), etc. depending on the
structure and size of the firm. As the ultimate responsibility of top management to take crucial decision for
the survival of the firm and to maintain the solvency of the firm, the head of finance department reports to the
Chairman and Managing Director of the company, and he will be one of the executive members of the Board
of Directors. The finance officer will function as treasurer and controller. As a treasurer, he will look after
efficient and effective funds management, while as a controller, he will look after the operational requirements of
the firm.
Q.9. Should the titles of controller and treasurer be adopted under Indian context? Would you like to modify their
functions in view of the company practices in India? Justify your opinion.
A. 9. The title of controller and treasurer is not being widely followed in India. In India, generally the officer
designated as Financial Controller performs the functions of chief accountant and management accountant. In
India, the title of the finance head is generally Finance Manager who is involved in the management of
company's funds.
Q.10. When can there arise a conflict between shareholders and managers goals? How does wealth maximization goal
take care of this conflict?
A. 10. The company is a complex organization of various interested stakeholders like owners, employees,
creditors, customers and government, etc. It should be the endeavour of the management to reconcile the
objectives of the different stakeholders. Shareholders are principals and managers are their agents. Managers may
not necessarily work in the interest of shareholders. They may work in their self-interest and appropriate company
funds in the form of higher perks and salaries. To control managers' actions, shareholders will have to incur
monitoring costs. To minimize the conflict, managers should be given incentives to become owners along with
shareholders (through stock options).
Since shareholders get their wealth only when the firm has created value for customers and kept the employees
satisfied, the wealth maximization is generally in harmony with the interests of al stakeholders. It is also
consistent with the management objective of survival.
2