Fundamentals of business financial management
The two fundamentals of financial management are represented by management accounting and corporate finance. Managerial accounting includes techniques for financial analysis, costing the activities of the business and forecasting financial requirements. Corporate finance includes functions such as valuations of assets and projects, deciding on the best investment portfolio, reducing risks through hedging operations, and choosing/monitoring the capital structure.
Financial Management in Practice
Financial managers are responsible for ensuring:
Good returns to investors who have provided funds for the business.
Monitoring the continued financial health of the business.
Reducing the risk exposure of the business.
These goals are typically achieved through:
Availability of...
