Nobody downloaded yet

Financial Management - Assignment Example

Comments (0) Cite this document
Summary
Financial Management Introduction: Manchester fire and rescue service is the largest fire and rescue service station that is situated outside London. It comprises of nearly 2500 members of staff as well as 41 fire stations. The service covers around 500 square miles thereby providing benefit to nearly 2.5 million people…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Financial Management
Read TextPreview

Extract of sample
"Financial Management"

Download file to see previous pages Financial structure refers to the right side of the firms or organizations balance sheet detailing how the assets are financed including debt as well as shares. In other words, financial structure refers to the way in which the organizations assets are financed. Like all other organizations, Manchester fire and rescue service too have a financial structure. The finance of the organization are managed by departmental managers and consists of a team which manages the payroll of the service employees, control the annual budgets as well as provide general financial advice to the managers (Organizational Structure. 2011). The Manchester fire and rescue service in its budget in 2009-10 has set aside 0.9 million pounds for effective governance, 22.2 million for community fire safety, 0.4 million for emergency planning and civil defense, and 95.8 million for fire fighting and rescue operations. Majority of the funds necessary for the purpose would be available from percepts which is money that is paid by the metropolitan district authority collected as part of council tax. Moreover it also receives funds through national non domestic rates which are businesses rates that are set up by and paid to the government and redistributed based on population. It also receives revenue support grant which is paid by the authorities from national taxation to provide funding to operate local services. Majority revenue share for the fire service organization is expected from national domestic rates. Revenues from percepts and revenue support grants follow. The financial allocations of Manchester fire and rescue services are done through financial annual budgets. Allocations and spending are strictly according to the preplanned budgets. The annual budgets expresses in financial terms the priorities determined by the members of the authority moreover it sets out the plans for service provision in the coming year. The budgets that are prepared reconsider objectives, reassess priorities as well as reexamine the way in which the service delivery is achieved currently. This is because the budgets that are prepared should be in line with the needs of the authority against the cost to local tax payers’ while operating along with governmental guidelines. To get allocation of funds from the government and its agencies all financial plans, allocations and spending should be done according to governmental guidelines. Therefore the authority has developed a three year financial planning process. The government also has a hand to determine the resources that pass through this three year process. The government has announced formula grant for the next three years starting from 2009 to 2011. The average increase in grants will be 1.4%. The collection fund surplus remains at 0.113 million pounds. Given all these increases, the Manchester fire and rescue authority has to frame its own strategies and plans to achieve the planning objectives on the basis of governmental policies. Governmental policies should be followed strictly because all major funding for operations are coming from the government. With regard to capital expenditure programme, replacements and upgrades requires resources in excess of supported borrowing approval from the government. There should be separate revenue budgets and capital expenditure programmes. The balance between the revenue and capital budgets is to be determined by the authority to achieve a balanced budget plan. The ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Financial Management Assignment Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1405765-financial-management
(Financial Management Assignment Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/family-consumer-science/1405765-financial-management.
“Financial Management Assignment Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/family-consumer-science/1405765-financial-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Financial management
... share prices since it will not attract invests. In this case either method can be adopted by the Kwaduduza Company to determine the decision needed as well as prioritization (Sheeba, 89). In order to expand operations, the dividend payout should be reduced in order to increase funds for projects, and vice versa. Dividends should be paid to avoid accumulating funds in a business when circumstances allow. Withholding dividends in the company is one of the best ways that have been deployed in many companies in order to raise funds for expansion. Work cited Sheeba Kapil. Financial Management. India: Pearson Education India. 2007... payables (Day payables out) are 365/2.93 = 124days Inventories= cost of goods sold divide inventories = 1018000/332600 =3.06...
4 Pages(1000 words)Assignment
Financial management
...? Financial Management To analyze this situation, the financial perspective needs to be evaluated using the Net Present Value approach. Net Present Value (NPV) is a method of capital budgeting used to analyze any given project’s return from a company’s perspective. The NPV method ascertains whether a project is worth undertaking on the basis of the return that it fetches, if any project produces a positive NPV, it is deemed that the project should be undertaken (BPP Learning Media, 2009). “NPV is the difference between the Present Value (PV) of the future cash flows from an investment and the amount of investment. Present value of the expected cash flows is computed by discounting them at the...
3 Pages(750 words)Assignment
Financial Management
...?Table of Contents Executive Summary 3 Research Methodology 4 Organizational Background 4 Industry Background 4 Company Information 4 Mission 5 Services 5 My Role 5 Financial Management 5 Budgeting 6 Risks associated with In-accurate Budgeting 7 Styles of Budgeting 8 Approaches of Budgeting 9 Budget Preparation 9 Financial Statement Analysis 11 The balance Sheet 11 The Income Statement 12 The Cash Flow Statement 13 Ratio Analysis 14 Liquidity Analysis 15 Profitability Analysis 16 Capital Structure Analysis 17 Efficiency Analysis 17 Vertical Analysis 18 Horizontal Analysis 19 Income Budget for 2009 21 Capital Investment Appraisal 22 Report to the Management 24 References 25...
16 Pages(4000 words)Assignment
Financial Management
...? Financial Management Table of Contents Table of Contents 2 Introduction 3 Comparative Analysis 3 Ratio Analysis 3 Liquidity Ratio 4 Current Ratio 5Quick Ratio 5 Profitability Ratios 6 Gross Profit Ratio 6 Operating Profit Ratio 7 Net Profit Ratio 8 Solvency Ratios 9 Debt Equity Ratio 9 Debt to Total Assets Ratio 10 Debt Ratio 11 Efficiency ratios 12 Inventory Turnover Ratio 12 Asset Turnover Ratio 13 Strengths and Weaknesses 14 Reference list 15 Introduction Comparative Analysis The analysis of the financial performance of any organization is done by the evaluation of essential accounting information by means of various financial tools. The financial performance...
8 Pages(2000 words)Assignment
Financial management
...FINANCIAL MANAGEMENT Analyzing Capital Structures and Costs of Capital In 2006, Ford Motor Company brought in a new CEO, Alan Mulally, who launched athorough restructuring of the company. The company had to cut costs, improve efficiency, and renew its products. This was a massive investment, but debt financing was available. The company decided to borrow as much as it could, to maximize the amount of cash on hand to pay for the restructuring. In December 2006, Ford issued $5 billion of senior convertible notes. It also arranged a $7 billion, seven-year term loan and an $11.5 billion, five-year revolving credit facility. The total was $23.5 billion. Ford was able to get this money by pledging almost all of its...
3 Pages(750 words)Assignment
Financial Management
...Financial Management Questions s affiliation Financial Management Questions DISCOUNTING Continue working at lazard frères Present value=15,000,000*PVIF8%, 11years =15,000,000*7.1390 =$107,085,000 Move to the house of Rothschild group Present value for 7 years=15,000,000*5.2064 =$78,096,000 Present value for the next five years=21,000,000*(7.5361-5.2064) =48,923,700 Total present value=78,096,000+48,923,700 =$127,019,700 He should move to Rothschild group since the amount of money he makes...
4 Pages(1000 words)Assignment
Financial Management
...Financial Management: Mergers and Acquisitions By Synergies that Burger King hopes to achieve fromthe merger. Burger King Worldwide looks to benefit a lot from its merger with Tim Hortons. The U.S. Company stands to gain in several key ways including incremental revenues, course tax savings and better menu resources. The merger might not actually place Burger King Worldwide in a position to outpace its competition, but it will certainly enable the company to catch up and close the gap with its rivals. Burger King, ca now ease the intense competitive pressure from other U.S based fast-casual segment, top on the list being Chipotle Mexican Grill Burger and McDonalds McCafe which has its own Seattle Best coffee by...
6 Pages(1500 words)Assignment
Financial Management
...are meant to make this strategy successful. However, Aluminum has some weaknesses that may act as hindrances to the strategy. aluminum has very poor staffing methods (INFORMATION RESOURCES ON FINANCIAL MANAGEMENT AND ACCOUNTING 2013). The criteria used in employing new workers are very poor. Aluminum ends up employing unskilled manpower so that it saves on money spent in wages. This makes the internal promotion a bad idea. Aluminum does not also invest in the training of employees. The company rarely organizes training forums. These forums are mostly for the personal development of individual workers. Lack of such forums is driving away some of its skilled workers who are not only after a good pay. They go to...
10 Pages(2500 words)Assignment
Financial management
...the company analyzes its capital structure it usually considers the long term debt and the short term debt. Similarly, the financial managers also have to consider that how much of the financial requirements should be met from debt and how much from the equity. Thus, the capital structure of the company is mainly the decision about the debt-to –equity ratio of the company (Myers, 2010, p.574). The capital structure decisions are referred to as the capital puzzle owing to the complexities involved in maintaining a suitable capital structure for the company. Discussion It is always difficult for the company to maintain a proper balance between the debt and equity. It is commonly believed that the...
12 Pages(3000 words)Assignment
Financial Management
10 Pages(2500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic Financial Management for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us