Financial Planning
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ESSAY DETAILS
Words: 763
Pages: 3
(approximately 235 words/page)
Pages: 3
(approximately 235 words/page)
Essay Database > Business & Economy > Management
Financial resources are those resources that have monetary value
Financial management is the planning and monitoring of an organizations financial resources to enable the organization to achieve its financial goals
Assets are the property and other items of the business both tangible and intangible.
Objectives of financial management:
Liquidity - ability to pay short-term debts.
Profitability - maximizing profits
Efficiency - ability to maximize profits with minimal resources
Growth - increase size in the longer
showed first 75 words of 763 total
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showed first 75 words of 763 total
showed last 75 words of 763 total
is possible to take advantage of interest free periods and discounts. Loans - management of loans is important because they require interest to be repaid along with the loan. Overdrafts - can be used for temporary cash shortages. Strategies for managing working capital Leasing Factoring Sale and lease-back Asset stripping involves taking assets out of the business that are not needed. Corporate raiders buy business, sell assets and leave them for broke. Both are unethical.
is possible to take advantage of interest free periods and discounts. Loans - management of loans is important because they require interest to be repaid along with the loan. Overdrafts - can be used for temporary cash shortages. Strategies for managing working capital Leasing Factoring Sale and lease-back Asset stripping involves taking assets out of the business that are not needed. Corporate raiders buy business, sell assets and leave them for broke. Both are unethical.