INTRODUCTION | FINANCIAL MANAGEMENT | LEC 1 | COMMERCE | UGC-NET PAPER 2 | BY SHAHEEN MA'AM скачать в хорошем качестве

INTRODUCTION | FINANCIAL MANAGEMENT | LEC 1 | COMMERCE | UGC-NET PAPER 2 | BY SHAHEEN MA'AM

INTRODUCTION | FINANCIAL MANAGEMENT | LEC 1 | COMMERCE | UGC-NET PAPER 2 | BY SHAHEEN MA'AM What Is Financial Management? At its core, financial management is the practice of making a business plan and then ensuring all departments stay on track. Solid financial management enables the CFO or VP of finance to provide data that supports creation of a long-range vision, informs decisions on where to invest, and yields insights on how to fund those investments, liquidity, profitability, cash runway and more. ERP software can help finance teams achieve these goals: A financial management system combines several financial functions, such as accounting, fixed-asset management, revenue recognition and payment processing. By integrating these key components, a financial management system ensures real-time visibility into the financial state of a company while facilitating day-to-day operations, like period-end close processes. Objectives of Financial Management Building on those pillars, financial managers help their companies in a variety of ways, including but not limited to: Maximizing profits Provide insights on, for example, rising costs of raw materials that might trigger an increase in the cost of goods sold. Tracking liquidity and cash flow Ensure the company has enough money on hand to meet its obligations. Ensuring compliance Keep up with state, federal and industry-specific regulations. Developing financial scenarios These are based on the business’ current state and forecasts that assume a wide range of outcomes based on possible market conditions. Manage relationships Dealing effectively with investors and the boards of directors. Ultimately, it’s about applying effective management principles to the company’s financial structure. App Link.: https://play.google.com/store/apps/de... Website link.: https://swamivivekanandinstitute.com/ Facebook link.:   / swamivivekanandinstitute1   Instagram Link.:   / swami_vivekanandinstitute   Registration Start for New Batch...... Hurry UP!!!!! We offer top-notch facilities for education:- *Highest Results in CSE 2022 *Genuine Students Review *Top Courses To Crack IAS Classes *Online | Offline Classes *Doubt Solving Session *Mock Test Series *Available PDF Notes *Recorded Classes Contact Us for more Details Phone No.- 9315200364 Address - C-105,Site-4, Budhela Vikaspuri, New Delhi 110018 #finanacemanagement #commerce #swamivivekanandinstitute #svi #ugcnet #students #ugcnet2023preparation #libraryandinformationscience #career #guidance #exam #preparation #ugcnet #upsc #librarysections #nitikamaam