Document Details

Business Studies HSC Topic 3

User Description:
These will provide you with notes on finance in the HSC business studies course. They address each relevant syllabus point

Thinkswap Satisfaction Guarantee

Each document purchased on Thinkswap is covered by our Satisfaction Guarantee policy. If you are not satisfied with the quality of any document, or you believe the document was incorrectly described or categorised, Thinkswap will provide a full refund of exchange credits so you can check out another document. For more information please click here.

This student studied:
Claim a Thinkswap Bounty

Do you know if the Subject listed above has changed recently? Click report to earn free Exchange Credits!

Document Information:
26 Pages Complete Study Notes < 1 Year old
Share

5 Ex Credits


Document Screenshots:
Topics this document covers:
Finance Money Economy Corporate finance Balance sheet Financial management Private equity Working capital Equity Asset and liability management Financial market Financial statement
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

What are Exchange Credits:

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive credits. These can then be used to checkout other documents on Thinkswap.

Topics this document covers:
Finance Money Economy Corporate finance Balance sheet Financial management Private equity Working capital Equity Asset and liability management Financial market Financial statement
Sample Text:
Role of Financial Management • Refers to the planning, organising and controlling of the financial resources of a business to achieve the goals of the business. • Ability to manage financial resources will contribute to profit, return on investment, growth and business expansion. • Many businesses fail because of poor financial planning and management. Strategic Role of Financial Management • Is to provide the financial resources to allow the implementation of the business strategic plan. • Strategic plan outlines goals, objectives and future direction of business. • Financial management involves determining the financial resource available to implement the necessary strategies to achieve business goals and objectives  key to any business realising its objectives is the successful financing of its operations. • Financial ma...
Similar Documents to Business Studies HSC Topic 3

Finance Topic Detailed Notes that Cover all Syllabus Dot Points

This student studied:
HSC - Year 12 - Business Studies

Business studies topic 3 Finance detailed study notes which cover all syllabus dot points.

5 Ex Credits

View Details

HSC Business Studies Finance Band 6 Notes

This student studied:
HSC - Year 12 - Business Studies

Students learn to: examine contemporary business issues to:  explain potential conflicts between short-term and long-term financial objectives  analyse the influence of government and the global market on financial management  identify the limitations of financial reporting  compare the risks involved in domestic and global financial transactions investigate aspects of business using hypothetical situations and actual business case studies to:  calculate key financial ratios  assess business performance using comparative ratio analysis  recommend strategies to improve financial performance  examine ethical financial reporting practices

1 Ex Credit

View Details

HSC Finance Notes

This student studied:
HSC - Year 12 - Business Studies

HSC business studies finance notes including qantas case study notes - colourful, succinct yet address every dot point

5 Ex Credits

View Details

Complete Topic 3 Finance Notes - Yr 12 Business Studies

This student studied:
HSC - Year 12 - Business Studies

Role of Financial Management Strategic Role of Financial Management Developing a strategic plan as part of a business’s financial management will ensure that the business survives and grows in the competitive business world. Businesses exist for a number of purposes that are translated into goals. For example, a business’s goals may include: o To increase the dividends to shareholders o To maintain an environmentally friendly business o To be a market leader within five years The main purpose or goal for a business is usually to maximise profits. Strategic Plan Strategic plans encompass a long-term view of where the business is going, how it will get there and a monitoring process to keep track of progress along the way. The strategies that a business uses to achieve its goals are incorporated into a strategic plan. Managing Financial Resources Financial resources are those resources of a business that have a monetary or money value. Financial management is the planning and monitoring of a business’s financial resources to enable the business to achieve its financial goals. The mismanagement of financial resources can lead to problems such as: o Insufficient cash to pay suppliers o Inadequate capital for expansion o Too many assets that are non-productive o Delays in accounts being paid o Possible business failure o Overstocking of materials Strategies for monitoring the financial resources include: o Monitoring as business’s cash flows o Paying its debts o Developing financial control techniques o Auditing of financial accounts o Continuing to make profits for its owners and shareholders

5 Ex Credits

View Details