Brief Introduction
Managing Business Finance. Practical examples and business cases are includedDescription
Every business organization exhibits three common types of activities: operating activities, investment activities, and financing activities. All these activities absorb and release cash flows and hence possess a financial dimension. If the cash flow into and out of each business activity is not coordinated and directed, there is no assurance the organization will move toward its goal, let alone achieve them.
Cash balance is the focal point in the firm's financial position. Cash inflows from operating, investing, and financing activities increase the cash reserve. For example, cash received from sales of goods and services is an operating inflow; cash received from selling a piece of equipment represents the reversal of an investing (i.e "divesting") activity; and cash from a bank loan represents inflow from a financing activity. Conversely, cash outflows from operating, investing, and financing activities decrease the cash reserve.For example, payment of cash for employee wages represents an operating cash outflow; purchase of equipment represents an investing outflow; and repayment of a bank loan represents a financing outflow. Someone in an organization has to monitor, direct, and evaluate the flow of cash into and out of each basic organizational activity to make sure organizational goals are served effectively. This is the essence of financial management in the organization.
This course focuses primarily on financial processes and, in particular , the planning and control of organizational cash flows, stock and inventory control, creditors and debtors control. It examines the importance of proper working capital management to the value of the firm and offers principles to guide working capital decisions.
Requirements
- Requirements
- Be familiar with financial functions in business
Karim Atan
2.8 Raiting
Ultimate Beginners Excel VBA Finance Course for Banking
- 2.8
-
![]()
![]()
![]()
![]()
![]()
Proven core methodology to master VBA and become competitive on the banking job market. This course will provide you with essentials about Visual Basic Applications (VBA) Excel for Finance....
Business Accounting Basics And Personal Accounting
- 4.3
-
![]()
![]()
![]()
![]()
![]()
Gain gold skills in the field of business accounting basics and personal accounting (personal finance) It is something like a course that consists of two sub-courses....
Business Finance Essentials
- 4.5
-
![]()
![]()
![]()
![]()
![]()
Understand the Fundamental Concepts of Business Finance to speak the Language of Business - Numbers! Take your business knowledge to the next level!...
Essential Finance For Managers
- 4
-
![]()
![]()
![]()
![]()
![]()
Putting Your Money Where Your Mouth Is: All the finance fundamentals you need to start better managing your business You only need a foundation and understanding of the essentials....
