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 […]

Economic Value Added (EVA) | Financial Management

In this article we will discuss about:- 1. Meaning of Economic Value Added 2. Suggestions to Improve EVA 3. Steps in Implementing EVA 4. Superiority of EVA 5. Drawbacks of EVA. Meaning of Economic Value Added: The goal of financial management is to maximize the shareholder’s value. The shareholder’s wealth is measured by the returns […]

3 Main Approaches to Financial Management | Management

The following points highlight the three main approaches to financial management. The approaches are: 1. Traditional View 2. Modern View 3. Liquidity and Profitability. Approach # 1. Traditional View: Financial management is primarily concerned with acquisition, financing and management of assets of business concern in order to maximize the wealth of the firm for its […]

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