Document Details

Complete Syllabus Study Notes - Finance

User Description:
Planning and Implementing - Planning cycle is ongoing and includes o Determining financial needs o Developing budgets o Maintaining record systems o Minimising financial risks o Planning financial controls Financial needs - Situational analysis of current financial position is necessary - Data-drive identification of current financial issues and trends will assist in the development of appropriate budgets, analyses, strategies and controls in the planning cycle o can be obtained from income statement, cash flow statements, balance sheets - Business plan sets out goals and future direction of business, including where business expects to be at end of particular time period - Financial elements of plan will identify amount of finance needed, sources available and methods of reporting financial data to support strategies developed to achieve vision, goals, and objectives of business plan

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:
27 Pages Partial Study Notes > 2 Years old
Share

1 Ex Credit


Document Screenshots:
Topics this document covers:
Financial accounting Financial markets Corporate finance Equity securities Capital Finance Working capital Balance sheet Private equity Financial management Financial ratio Equity
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

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:
Financial accounting Financial markets Corporate finance Equity securities Capital Finance Working capital Balance sheet Private equity Financial management Financial ratio Equity
Sample Text:
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 expansion of the business - Effective planning is essential Strategic role of financial management - Is to provide financial resources to allow implementation of business strategic plan o Strategic plan: outlines goals, objectives and future direction of business - Involves determining involves determining financial resources available to implement the strategies necessary to achieve the goals and objectives of the business - Must be flexible and adaptable to change given the dynamic nature of business environment - Range of activities involved in strategic management of financial resources include: o Setting policies and procedures regarding cash and credit controls o Determining the mix o...
Similar Documents to Complete Syllabus Study Notes - Finance

Finance

This student studied:
HSC - Year 12 - Business Studies

HSC Business Studies - Finance. Notes made from prescribed textbook, covering all finance syllabus points.

1 Ex Credit

View Details

Complete Finance Notes - HSC Business Studies

This student studied:
HSC - Year 12 - Business Studies

Covers the entire syllabus - Role, Influences on financial management, processes of financial management and financial management strategies

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

Complete Finance Business Studies Notes

This student studied:
HSC - Year 12 - Business Studies

Comprehensive, extensive notes that cover each syllabus dot point for finance. Includes role, influences, processes and strategies.

5 Ex Credits

View Details