Financial Management and Finance – The process of managing the financial resources, including accounting and financial reporting, budgeting, collecting accounts receivable, risk management, and insurance for a business. Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money and risk and how they are interrelated. It also deals with how money is spent and budgeted.
List of Financial Management and Finance:
- Cash Flow Management – Designed for those new to the Treasury process and presents all the essentials needed to help you develop optimal cash forecasting techniques, increase the accuracy and timeliness of cash flow forecasts and improve the flow of information through your organization.
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- Budgeting and Forecasting – Creates strong views amongst management as to its real value and usefulness. Some management see budgeting as a key discipline without which financial confusion would result. Others see budgeting as out of date – quite unsuitable to the rapidly changing business world of the 21st century when so much business value comes from so-called “intangible” activities of the knowledge age.
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- Financial Analysis Tools and Techniques – The process of identifying financial strengths and weaknesses of the firm by properly establishing relationship between the items of the balance sheet and the profit and loss account.There are various methods or techniques that are used in analyzing financial statements, such as comparative statements, schedule of changes in working capital, common size percentages, funds analysis, trend analysis, and ratios analysis.
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- Finance for Non-Finance Executives – Focuses on an intuitive appreciation of the fundamental concepts of finance and the ability to understand how these concepts are useful for decision making. It will not make you a financial expert, but it will enable you to understand the essential, intuitive principals behind modern finance.
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