StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Managing Financial Resources - Assignment Example

Comments (0) Cite this document
Summary
The paper “Managing Financial Resources” concerns planning for capital assets, the concept of variance analysis, material cost variance, costing and pricing decisions, sensitivity analysis, investment appraisal, evaluation of payback period, accounting rate of return, discounted cash flow etc.  …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Managing Financial Resources
Read TextPreview

Extract of sample "Managing Financial Resources"

Download file to see previous pages Usually, the concept of opportunity cost is not recorded in the books of accounts. Then also it is a significant factor in the decision-making process also. Decision making is the fundamental nature of the management of an entity. It is necessary to collect, analyze and present the accounting information in an appropriate manner to meet the requirements of various interested groups. Stakeholders of the company mean those groups of persons who are interested in the organizational functions and affairs. The stakeholders of the company mean the shareholders, lenders, employees, suppliers, customers, competitors, Government as well as the public as a whole. Moreover, the balance sheet of a company is giving focus on the changes that have taken place in the accounting year. The ultimate object of financial statements is that of evaluating the financial strength and weaknesses of the firm.
Capital budgeting means planning for capital assets. The decision about capital budgeting means a decision as to whether or not the money should be invested in long term projects. The term budget is a device which helps the management in planning and control of business activities. It is a statement relating to future plans. Budget is essential for business because it provides management with a plan of operation to be followed during a specified future period. Not only this but also it is possible to plan and control the income and expenses. A business might have a cash budget, sales budget, purchase budget, etc.
The concept of variance analysis is an important concept in standard costing. Variance means the difference between actual cost and standard cost. Variance point out to the management that whether the costs are under their control or beyond? It may be either favorable or not. If the actual cost is less than the standard, the difference indicates that there is a positive variance, but reverse on the other hand. Variance analysis is the procedure of evaluating variances by subdividing the total variances in such a way that the management can assign responsibility for poor performance. Generally, the variances may be of cost variance and sales variance. Among them, the cost variance is significant and which may be of three types, material variance, labor variance, and overhead variance.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing Financial Resources Assignment Example | Topics and Well Written Essays - 1500 words”, n.d.)
Managing Financial Resources Assignment Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/finance-accounting/1507833-managing-financial-resources-bachelor-essay
(Managing Financial Resources Assignment Example | Topics and Well Written Essays - 1500 Words)
Managing Financial Resources Assignment Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/finance-accounting/1507833-managing-financial-resources-bachelor-essay.
“Managing Financial Resources Assignment Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/finance-accounting/1507833-managing-financial-resources-bachelor-essay.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Managing Financial Resources

Managing Diversity And Equality

If the term diversity is considered in а very simplistic wаy, then diversity cаn be seen аll аround us, by the cаrs we drive, the clothes we weаr, the different diаlects we speаk, etc. While this mаy be а very generаl wаy of looking аt the term diversity, there is а considerаble grаin of truth to this stаtement. Thаt is, 21st-century Britаin is а more culturаlly rich аnd homogenous society thаn ever before. In the context of business, the orgаnisаtionаl mаke-up of the workforce is chаnging too.

Britаin now hаs one of the most diverse workforces in the world, consisting of а wide rаnge of religions аnd ethnic bаckgrounds. However, diversity is not just аcknowledged in these terms. It cаn refers to politicаl beliefs, аge,...
13 Pages(3250 words)Case Study

A Critical Evaluation of Workplace Diversity: Measuring the Intended Benefits of Managing Diversity

Diversity represents a wide spectrum of tangible characteristics and somewhat less-transparent personality-driven attributes which either contribute or detract from various social interactions in the workplace. 

With this definition in mind, managing diversity represents the elements of embracing and incorporating a wide variety of human differences (or commonalities) into the daily practice of business so as to provide enhanced benefit to the entire workplace and its processes. The goal of managing diversity is for leadership and subordinates alike to take a rather proactive approach to building enhanced inter-personal relationships and then applying this harmony to goals of higher productivity and teamwork.
...
11 Pages(2750 words)Term Paper

Accounting & Financial Management

AWB’s operations can be categorized into areas ranging from ‘pool management services’ to ‘harvest financing’, and ‘International commodity management’. Only a company with such a big range of activities and financial outlays can become the benchmark for an equally big company like ‘Woolworth Limited’.

The performance of an entity can be better analyzed through its profitability analyses. The profitability ratios like Gross Profit ratio, Net Profit Margins, Return on assets (ROA), and Return on Equity (ROE). The calculations of such ratios are shown in the attached annexure. The Gross Profit ratio measures the percentage of each pound or dollar of sales remaining aft...
10 Pages(2500 words)Assignment

Financial Management Analysis of Rio Tinto Plc

Taking into consideration that Harmony is the sixth-largest in the world in the gold mining industry, the choice of Harmony God Mining Co. as a benchmark company is the most suitable and justifiable. Moreover, Harmony has also some investment stake in Rio Tinto, and this situation makes the company more suitable for the choice. At places, the benchmark company’s performances have been better than Rio Tinto, and thus Harmony has a competitive edge as well over Rio Tinto.

Profitability ratios like Operating Margin Ratio, Net Margin Ratio, Return on Assets (ROA), and Return on Equity (ROE) are the performance analyzer of any company. Profit Margin ratios show the relationship between profit and sales. Since profit ca...
8 Pages(2000 words)Case Study

Managing Emerging Technologies: The World Bank Group

information Technology helps the businesses in cutting costs and creating value to the organization as a whole, by minimizing the digital divide. This helps in developing new and effective business processes as well as in making value propositions especially in the new and modern corporate world whose business network is spread far and wide, such as the World Bank for instance. Information technology plays a vital role in integrating systems and strengthening the strategic ties between service providers and customers, thereby rendering effective services.
The World Bank is involved in various activities providing a wide range of services to several developing and in transition countries across the globe. The bank, owned, fina...
11 Pages(2750 words)Case Study

The Managing Change and Innovation

In line with the proposition as to whether these operational managers discern ways of enacting responses from the relevant quarters when it comes to products, services, and their related operations, we see that their role is immense and they have to bring about activities right from scratch.
The change factor has to be studied in the light of a consistent basis since as the maxim goes change is the only constant, thus we have to understand the basis of change from that very point of view nonetheless. Managers have to see that the new products and/or services mark the very basis for an organization and it is because of these products/services that the company is moving in a swift manner in a forward direction. Thus all their e...
6 Pages(1500 words)Assignment

Guide to Managing Innovation

It is a universal fact that engineering design must be cautiously planned and meticulously executed; if the design is being aimed to overcome a shortcoming or adding a new feature to the existing product, then the design process gets classified as an innovation. So, under certain conditions, engineering design and innovation are inter-related. In other words, innovation is a key process in a product’s development. I have always been intrigued by innovations, primarily because an innovation challenges conventional thinking, it goes beyond technology. Above all it is imperative for organizations, it is linked to survival and at times it is mentioned as the only sustainable strategy for growth. Hence, I preferred to choose the...
6 Pages(1500 words)Assignment

Nile Floods Public Health Disaster: Managing the Disaster using Katrina Experience

The Katrina hurricane disaster that wrecked New Orleans was a classic example of this. Authors, Frank and Trinidad have observed that disaster preparedness is essential in the current socio-political atmosphere. They say that disasters can lead to illness, injury, the devastation of homes, disruptions of essential services, and the displacement of populations. (Frank and Trinidad, 2007). Every disaster teaches the same lessons. “Advance preparation is essential, communication among responders is critical, rules and procedures are helpful, but autonomy and flexibility within limits are key elements of a productive response” (Frank and Trinidad 2007). 

Originating from the monsoon rains, the annual floods...
16 Pages(4000 words)Term Paper

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages(2500 words)Research Paper

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages(5000 words)Literature review
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 Managing Financial Resources for FREE!

Contact Us