Tag Archives | Management

Need for Cost Management | Accounting

In this article we will discuss about the need for cost management. The business environment has changed dramatically after 1980s. Improved communication and transportation systems brought about a much more competitive environment. Spending on marketing and distribution has increased. The modern organizations started exercising strict control over manufacturing costs. Information technology changed the way organizations […]

Top 20 Functions of Financial Controller

The following points highlight top twenty functions of a financial controller in a large business. The functions are: 1. Provision of Capital 2. Investor Relations 3. Short-Term Financing 4. Banking and Custody 5. Credit and Collections 6. Insurance 7. Investments 8. Planning for Control 9. Reporting and Interpreting 10. Evaluating and Consulting 11. Tax Administration […]

3 Main Significance of Financial Management

The importance of financial management is known from the following aspects:- 1. Applicability 2. Chances of Failure 3. Return on Investment. Significance # 1. Applicability: The principle of finance is applicable wherever there is cash-flow. The concept of cash-flow is one of the central elements of financial analysis, planning, control and resource allocation decisions. Cash-flow […]

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