Financial Management (Aspect 1)
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Introduction to Financial Management

Introduction to Financial Management
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Bryce Tramuta's comment, February 13, 2014 9:00 AM
Financial planning can be broken down into two categories; short and long term planning. With short term planning, companies will ensure they have all the needs currently, make sure everything that needs to get paid is paid, and invest properly. In the long term, financial managers will work out to see a return on their investments and make sure so much money is allocated for any unexpected expenses.
Bryce Tramuta's comment, February 13, 2014 9:20 AM
Financial control is an idea that is used to make sure that a company or businesses meets its goals while being smart financially. It insures the capital is being used effectively and wisely. They also invest for the people who invest in the companies sake so they can continue to attract investors to expand the company.
Bryce Tramuta's comment, February 13, 2014 9:24 AM
Financial decision making is the third aspect of financial management. This process involves investments, financing, and dividends. They look into new ways to making more money, weather its by means of selling stock or taking money out of the banks.
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Financial Managers : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics

Financial Managers : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics | Financial Management (Aspect 1) | Scoop.it
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
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Bryce Tramuta's comment, February 13, 2014 8:46 AM
The median pay for 2012 in the field was around $110,000. The degree to get this position is a degree in Finance, and usually takes about 5 or so years of work experience to get into the management position. Positions such as experience as an accountant, loan officer, or other related financial fields will assist in getting into this position.
Bryce Tramuta's comment, February 13, 2014 8:48 AM
The job is expected to grow around 9% by the year 2022. This indicates a strong need in the field, so this is a good major to study in college. If one were to obtain a masters degree in finance and management, it would assist greatly in contending for the job.
Bryce Tramuta's comment, February 13, 2014 8:50 AM
Most financial workers start in banking. Its a full time job and usually requires work hours that are longer than the normal working class citizen. This is a high stress job with big payoffs.
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What is Financial Management? Meaning Definition Scope Articles

What is Financial Management? Meaning Definition Scope Articles | Financial Management (Aspect 1) | Scoop.it
What is Financial Management? Meaning Definition Scope Articles, article posted by Gaurav Akrani on Kalyan City Life blog.
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Bryce Tramuta's comment, February 13, 2014 9:28 AM
This is a direct quote from someone working in the field, Richard Brealey. "Financial management is the process of putting the available funds to the best advantage from the long term point of view of business objectives." The goal of the financial management team is to collect finance at the cheapest possible way for the company.
Bryce Tramuta's comment, February 13, 2014 9:31 AM
There is 5 (a)'s of finance. Anticipation, acquisition, allocation, appropriation, and assessment. This all work together to make a business thrive.
Bryce Tramuta's comment, February 13, 2014 9:37 AM
Anticipation investigates what the company is going to need to spend to keep all processes flowing. Acquisition is getting the money from the people who owe you money. Allocation is used to buy "fixed and current assets." Appropriation is giving the shareholders the money they need to get for investing into the company. Assessment ensures the finance department is doing their job because without proper finances a company cannon do good business.