Financial Management Essays (Examples)

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Financial Managers and CEO's Play Important Roles

Words: 1164 Length: 4 Pages Document Type: Essay Paper #: 71401496

Financial managers and CEO's play important roles in ensuring that organizations meet their specific goals. The skill levels for both positions are high and require a great deal of patience and experience. The purpose of this discussion is to determine whether being a financial manager is the best preparation for later becoming a CEO.

ole of the Financial Manager

According to the Bureau of Labor, financial managers must have a bachelor's degree in a field such as business administration, accounting, economics or finance. Although, as the business world becomes more competitive, organizations are requiring financial managers to have Master's degrees and a great deal of experience before they can become financial managers. The Bureau also explains that financial managers are vital to the success of any organization and their jobs involve supervising the preparation of financial reports, direct investment activities, and implement cash management strategies. As computers are increasingly used…… [Read More]

References

Campbell, M.W., Kowalski, R.B. Healthcare Financial Management Association Apr 2000

Financial Managers. 2004. Bureau of Labor and Statistics. http://www.bls.gov/oco/ocos010.htm
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Financial Structure of Financial Environment Financial Structure

Words: 1561 Length: 5 Pages Document Type: Essay Paper #: 83868905

Financial Structure of Financial Environment

Financial structure is the mixture of financial instruments, financial markets and other financial institutions operating within the economy. ( Fase & Abma, 2003). Financial structure consists of a company's assets, capital and liabilities. Financial structure is also specific equity and long-term debts that firms employ to finance its business operations. Typically, financial structure of a company generally affects the business operations and value of a business. On the other hand, financial structure could also be described as the amount of organization's cash flow that goes to shareholders and creditor. Organizations use their financial structure to finance their short-term and long-term obligations and financial structure is different from capital structure since capital structure only focuses on the long-term source of funds, which include long-term debt, debentures, and equity capital shares.

On the other hand, financial environment constitutes the financial market that includes foreign exchange market, bond…… [Read More]

References

Fase, M.M.G & Abma, R.C.N. (2003). Financial environment and economic growth in selected Asian countries. Journal of Asian Economics 14: 11 -- 21.

Konzelmann, S. Wilkinson, F. Fovargue-Davies, M. et al. (2009).Governance, regulation and financial market instability: the implications for policy. Cambridge Journal Economics. 34 (5): 929-954.

Lee, R. (2010). The Governance of Financial Market Infrastructure. Oxford Finance Group. Princeton University Press. USA.

Levine, R. (1991). Stock Markets, Growth, Tax Policy. The Journal of Finance. XLVI (4): 1444-1465.
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Financial Managers & Compliance Managers

Words: 3241 Length: 10 Pages Document Type: Essay Paper #: 20313015

Despite this fundamental difference, financial and compliance managers work together as healthcare organizations make decisions to lower cost, increase revenue, and improve care. The concept of lowering cost while improving care presents a complex demand, and requires both financial and compliance officers to possess fundamental management knowledge, and similar professional skills in order to implement accounting and ethical standards (Buelow, et al. 2010). For example, a legal requirement or competitive pressures may mandate an organization to undertake an investment, and in this circumstance both financial and compliance entities must work in parallel (Buelow, et al. 2010). Healthcare organizations may also look to cut costs by transitioning to electronic medical records, make staffing more cost-efficient, offering new procedures and better utilizing O time, and by purchasing used medical testing equipment and machines (Same-Day Surgery, 2011). Each of these circumstances presents opportunities to reduce expenses and increase revenue, and also presents opportunities…… [Read More]

References

Buelow, J.R., Zuckweiler, K.M., & Rosacker, K.M., (2010). Evaluation methods for hospital projects. Hospital Topics, 88(1), 10-17. Retrieved from http://web.ebscohost.com/ehost/detail?sid=736e27c1-d568-4509-aeb7-bd148180a6ab%40sessionmgr115&vid=16&hid=10&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=rzh&AN=2010582445

Compliance Specialist. (2011). Duties and Responsibilities of a Compliance Specialist. Retrieve from http://education-portal.com/articles/Duties_and_Responsibilities_of_a_Compliance_Specialist.html

Florida Tech Universiy. (2011). Healthcare Finance Manager Career and Salary Profile. Florida Tech Universiy. Retrieved from http://www.floridatechonline.com/online-degree-resources/healthcare-finance-manager-careers/

Healthcare Accounting Jobs. (2011). Healthcare Accounting Job Descriptions and Education Requirements. Retrieved from http://education-portal.com/articles/Healthcare_Accounting_Job_Descriptions_and_Education_Requirements.html
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Management Functions and Roles Please

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 78371104

Trending analysis through a balanced scorecard methodology is used to evaluate the level of performance of each practice relative to another based on patients served, costs, and support costs. The use of balanced scorecards as part of the strategic planning process in healthcare organizations is a best practice that delivers insights and intelligence that drives ROI strategies (Niles, 2010). This is certainly the case with the healthcare organization interviewed.

3. What are some of the most important practices or activities related to this function? What is your involvement?

Managing the underlying IT systems that make the reporting performance evaluation and improvement processes possible is the most important activity related to that specific function. As the acting CIO for the healthcare organization, the person interviewed must also manage the teams that keep the computer systems up and running over time. The have completely accountability and responsibility for keeping the entire IT…… [Read More]

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Management and Organisational Behaviour the

Words: 1499 Length: 5 Pages Document Type: Essay Paper #: 98877248

In other words, he expects for his efforts to be accordingly remunerated or rewarded with a promotion, a full time job offer for a trainee and so on (Stuart-Kotze, 2008).

In implementing these individual needs, organizational managers have developed numerous incentive plans, such as the offering of increased wages, premiums, bonuses or promotions.

The four above presented theories are relevant in the context of driving the individual, which is then capable to influence the organizational behavior of his employing company. The responses generated by the economic entities relative to the motivational factors vary in terms of intensity, ability to implement or resources possessed, but fact remains that all organizations have attempted to integrate stimuli that increase the performances of the workers. The ultimate goal of each organization offering incentive plans to its staff members is that of best benefiting from their intense efforts.

Aside the offering of a pleasant, yet…… [Read More]

References

Fabozzi, F.J., Peterson, P.P., 2003, Financial Management and Analysis, 2nd Edition, John Willey and Sons Inc.

Hariss, J.O., Hartman, S.J., 2001, Organizational Behavior, 1st Edition, Taylor & Francis Inc.

Stuart-Kotze, R., 2008, Motivation Theory, http://www.goal-setting-guide.com/motivation-theory.htmllast accessed on September 15, 2008

2008, Official Website of the Microsoft Corporation, http://www.microsoft.com/en/us/default.aspxlast accessed on September 15, 2008
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Financial Resource Management Reaching a Financial Decision

Words: 2362 Length: 8 Pages Document Type: Essay Paper #: 99186204

Financial esource Management

eaching a financial decision regarding heath care services

All forms of industries deemed financial management as expressive in origin till the 1960's. Its basic and sole role was to ensure financing for completing the business's operatives and functions. The department for business planning or marketing would project a net total for meeting the services and meeting daily demands; managers would calculate the assets required to complete a given project needed, equipment's, supplies and building. Financial management is a field which focuses on business securities as well as the markets in which they are in key demand. Also, more emphasis is made on how businesses can tap new markets and unlock their hidden potential. As a result, financial management books were pretty explanatory and predictable in origin during those times. (Sandrick, 2008).

These days, financial management plays a pivotal role in day-to-day operations of a business. The responsibility…… [Read More]

References

Allen, S., and M. Bombardieri. 2008. "A Healthcare System Badly Out of Balance." The Boston Globe, November 16.

Glaeser, E.L. 2004. "The Governance of Not-for-Profit Organizations." The International Journal of Not-for-Profit Law 6 (3).

Halvorson, G.C. 2005. "Healthcare Tipping Points." Healthcare Financial Management (March): 74 -- 80.

Helvin, L.K. 2008. "Caring for the Uninsured: Are Not-for-Profit Hospitals Doing Their Share?" Yale Journal of Health Policy, Law, and Ethics (summer): 421 -- 70.
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Financial Derivatives This Study Emphasized the Importance

Words: 3145 Length: 10 Pages Document Type: Essay Paper #: 53617269

Financial Derivatives

This study emphasized the importance roles of financial derivatives, which has been known for the last decade and its effects on the Global financial crisis. It further analyzes the impact of financial derivatives and how it can be controlled to prevent corporations from incurring a lot of risks. It also explains the existence of financial derivatives since 1970, to the recent Global Financial Crisis which occurred in the 2006.

Risk is a feature associated with all productivity. As a result, financial markets adjust themselves to the fluctuation of exchange and interest rates. Hedging risk, these corporations highlight the importance of risk management tools known as Derivatives. Derivatives are defined as financial tools providing investors with effective solutions when avoiding risk caused from market volatility (Dodd, 2006). Financial derivatives are considered to be an effective risk management tool associated with Financial Engineering creating solutions to financial problems (Marks, 2010).…… [Read More]

Works Cited

Angel, James, and Douglas McCabe. "The Business Ethics Of Short Selling And Naked

Short Selling." Journal Of Business Ethics 85.(2009): 239-249. Business

Source Elite. Web. 1 Apr. 2012.

Barth, Mary E., and Wayne R. Landsman. "How Did Financial Reporting Contribute To
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Financial Analysis of Bestwish Limited Company Overview

Words: 4573 Length: 13 Pages Document Type: Essay Paper #: 99500463

Financial Analysis of Bestwish Limited

Company Overview

Bestwish Limited produces extensive range of quality products such as gift dressing, greetings cards, and plush merchandise of more than 50,000 stocks. The production of different categories of products involve between 2 and 15 processes. The company produces standardized products and custom designed products ordered from customers on contract basis. However, Bestwish Limited is facing challenges to control the costs because of varying production process, reliance on indirect costs and large number of stock keeping units.

Bestwish Limited has just closed the 2010 fiscal year account and the company is finalizing the 2011 budget. Bestwish intends to analyze the 2010 financial statement to present the accurate picture of the company financial performances.

Objective of this report is to analyze 2010 financial statements to assess the viability of Bestwish Limited.

Task

Attn:

Audit Committee of the Board

Finance Director

Subject: Financial statement Analysis

Date:…… [Read More]

References

Drury, C. (2009). Management Accounting for Business, 4th Edition (Cengage Learning EMEA, ) ISBN 1408017717.

Harris, R. And Sollis, R. (2003).Applied Time Series Modelling and Forecasting (John Wiley and Sons) ISBN 0470844434

Glynn, J. Perrin, J. Murphy, M. And Abraham, A. (2003).Accounting for Managers, 3rd Edition.(Thomson Learning) ISBN 186152904X

The Times 100, (2012). Financial statements and reporting A Cadbury Schweppes case study. The Times 100 Business Case Studies.
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Financial Analysis of Lehman Brother

Words: 2992 Length: 10 Pages Document Type: Essay Paper #: 52231514

Financial Analysis of Lehman rother

Lehman rothers

The history has been full of financial collapses and financial scandals and one of the biggest financial collapses that a company has ever seen was that of Lehman brother. The collapse of a firm as huge as Lehman rother and a firm which has such great experience of over a hundred years lead the world into a shock. It created doubts in the minds of people regarding the condition of other financial institutions. The history of Lehman rother is rich which is further discussed.

The history of Lehman rother dates back to 1844, when a boy named Henry who was a 23-year-old son of a cattle merchant who immigrated to the United States from Germany and he settled in Alabama State of the United States where he opened dry goods store. In 1847, when Henry Lehman's elder brother arrived to Alabama, the firm…… [Read More]

Bibliography

1. Bebchuk, L.A., Cohen, A., & Spamann, H. (2010). The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008. Yale Journal on Regulation,27(2), 257+.

2. Blake, D. (2000). Financial Market Analysis. New York: Wiley. Cetorelli, N., Mandel, B.H., & Mollineaux, L. (2012). The Evolution of Banks and Financial Intermediation: Framing the Analysis. Federal Reserve Bank of New York Economic Policy Review, 1+.

3. Dwyer, G.P., & Tkac, P. (2009). The Financial Crisis of 2008 in Fixed Income Markets.Federal Reserve Bank of Atlanta, Working Paper Series, 2009(20), 1+.

4. Fitzpatrick, T.J., & Thomson, J.B. (2011). How Well Does Bankruptcy Work When Large Financial Firms Fail? Some Lessons from Lehman Brothers. Economic Commentary (Cleveland), (2011-23), 1+.
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Financial Health Hyundai Company Analysis Finance Is

Words: 1699 Length: 5 Pages Document Type: Essay Paper #: 25931410

Financial Health

Hyundai company analysis

Finance is a critical function in any business. It acts as an indicator for the health of a company, as well as determining its growth. When a company realizes new investment opportunities and other future aspirations, finance enables such ventures. Thus, finance reflects the performance of an organization (Gruen & Howarth, 2005). Measurement of performance takes place over a period of time. Organizations practically present their financial performance on a quarterly and yearly basis while others carry out a monthly exercise of tracking their performance. The government requires that all companies present an annual assessment of their performance. The information is featured in the form of financial transactions of sales, investments, savings and others. The information is part of a document called the Annul eport. Investors are informed by the annual report of companies before deciding on whether to invest in the company (Mclean, 2003).…… [Read More]

References

Cleverly, W.O., Cleverly, J., & Song, P. (2011). Essentials of health care finance. Sudbury:

Jones & Bartlett Learning.

Gruen, R., & Howarth, A. (2005). Financial management in health services. New York: Open

Mclean, R. (2003). Financial management in health care organizations. Clifton Park: Delmar
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Financial Statements and Ethics Mcdonald's

Words: 917 Length: 3 Pages Document Type: Essay Paper #: 4227870

The former deducts the inventory figure from the current assets value.

In the years under consideration, both the current ratio and the quick ratio of McDonald's decreased (see table 1). In that regard, the company's ability to settle its debts in the short run seems to have been impaired within the period under consideration. It is however important to note that with a current ratio and quick ratio of more than 1, McDonald's can still comfortably settle its short-term debts or obligations were they to suddenly become due.

Asset Utilization Analysis

In seeking to analyze how effective McDonald's is in the utilization of its assets, I will take into consideration two main ratios including accounts receivable turnover ratio and the inventory turnover ratio. The accounts receivable ratio according to Baker and Powell (2009) "measures how many times a firm's accounts receivable are generated and collected during the year." As the…… [Read More]

References

Baker, H.K. & Powell, G. (2009). Understanding Financial Management: A Practical Guide. Malden, MA: Blackwell Publishing.

Brigham, E.F. & Houston, J.F. (2009). Fundamentals of Financial Management (12th ed.). Mason, OH: Cengage Learning.

Mowen, M.M., Hansen, D.R. & Heitger, D.L. (2011). Cornerstones of Managerial Accounting (4th ed.). Mason, OH: Cengage Learning.

Table 1: McDonald's Corporation's Financial Ratios
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Managing Your Money Olly Lloyd

Words: 1366 Length: 5 Pages Document Type: Essay Paper #: 5660647

Still, since it is looking to sell a property asset that is not their main residence, they will be required to pay a capital gains tax, in the amount of 18 per cent (Direct Gov). For an estimated retail price of £150,150, and a tax rate of 18 per cent, Olly Lloyd would have to pay £27,027 in taxes.

For the new employment contract, Lloyd would have to pay taxes in the amount of £5,281. The sum is decreased significantly by deductions adherent to contributions made by Olly to the pension funds (Listen to Taxman).

c) Suggestions for financial management

Leone Lloyd-Cardle is, without a doubt, facing severe problems. In order to restore the responsibility and stability of her financial decisions, the following financial management recommendations are made:

Discussing the problem with her husband. Having reached such a high level of debt indicates severe problems which cannot be overcome by…… [Read More]

References:

Davis, E.P., 2009, Financial stability in the United Kingdom: banking on prudence, OECD Economics Department Working Papers, No. 717,  http://www.ephilipdavis.com/uk%20financial%20stability%20oecd.pdf  last accessed on December 19, 2011

Inmann, P., 2008, Traders predict house prices will fall by 50% in four years, The Guardian, http://www.guardian.co.uk/business/2008/jun/09/housingmarket.houseprices last accessed on December 19, 2011

2009, Residence, domicile and the remittance basis: operation changes, HM Revenue and Customs, http://www.hmrc.gov.uk/briefs/income-tax/brief1709.htm last accessed on December 19, 2011

2011, Tax liability, Investopedia,  http://www.investopedia.com /terms/t/taxliability.asp#axzz1gxx7hXX1 last accessed on December 19, 2011
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Financial Risks of a Business

Words: 1118 Length: 4 Pages Document Type: Essay Paper #: 56867285

This means that not bank loans or stock issuing would occur. The two partners would share rights and responsibilities directly derived from the amounts of capital deposed.

Using a partner is rather similar to the issuing of stocks, but a major difference however occurs. While the issuing of stocks generally occurs within an open market, the shares would be likely purchase by numerous small investors. The amount of stocks purchased will be controlled by the business owner and most importantly, the power of the shareholders would be limited. With a single investor however, this has more power to become involved and influence organizational decisions. Ultimately, having a partner is a direct investment method, whereas selling stocks onto the market is an indirect investment method.

Once the matter of having sufficient funds to invest in the new venture has been resolved, the owner, or owners, has to consider the foreseen return…… [Read More]

References

Bender, R., 2002, Corporate Financial Strategy, 2nd Edition, Elsevier Science and Technology Books

Fabozzi, F.J., Peterson, P.P., 2003, Financial Management and Analysis, 2nd Edition, John Wiley and Sons Inc.
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Financial Analysis Performance Task

Words: 1124 Length: 4 Pages Document Type: Essay Paper #: 55129214

Financial Analysis

Reitmans

Alimentation Couche-Tard

Sales

COGS

Gross Profit

Depreciation + Exp

Operating Profit

Investment Income

Interest

EBIT

Tax Exp

Net Income

Cash

AR

Inventory

Prepaid Exp

Current Assets

Investments

Capital Assets

Goodwill

Future Income Tax

LTA

Total Assets

Taxes payable

Current LT Debt

Current Liabilities

LT Debt

Other LT Liabilities

Total Liabilities

Equity

L + E

Reitmans was able to improve its profitability in 2005, compared with 2004. The company's gross profit improved to 13.55% from 9.99%; its operating profit improved to 9.7% from 5.98%; and its net profit improved to 7.33% from 4.7%. This shows that the improvement in the company's profitability is largely attributable to the improvement in the top line, with the cost of goods sold being a lower percentage of revenues in 2005 than 2004. hether this is a function of driving down costs with suppliers or increasing prices to consumers cannot be ascertained from…… [Read More]

Works Cited:

Reitmans 2005 Annual Report. In possession of the author.
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Financial Resources Performance the Managing Director King

Words: 2383 Length: 8 Pages Document Type: Essay Paper #: 41996194

Financial Resources Performance

The Managing Director,

King Edwards Electronics,

Manchester, U.K.

INTERNAL REPORT. FIXING RISK, UNCERTAINTY AND CASH FLOW DISCREPANCIES

Dear Sir,

In making investment decisions we are dealing with; and actually shaping; the firm's future, but the future is not certain and investment decisions, whether personal or corporate, are invariably undertaken with imperfect knowledge about the future. The future may turn out to be better or worse than expected. For the corporate firm, the objective of an investment decision is to allocate resources only to those projects which will preferably increase, or at least maintain, the firm's value and the wealth of its shareholders. Clearly it would not make good financial sense to invest in projects which would reduce corporate value (Ang, 2002).

The problem for managers is that at the outset it is often difficult to determine which of the firm's potential investment projects will enhance corporate value…… [Read More]

Bibliography

Ang, J.S. (1991). Small business uniqueness and the theory of financial management. The Journal of Small Business Finance, 1(1), 1-13.

Ang, J.S. (2002). On the theory of finance for privately held firms. The Journal of Small Business Finance, 1(3), 185-203.

Bolton, J.E. (2007). Report of the committee of inquiry on small firms. London: Her Majesty's Stationery Office.

Boyer, P., & Roth, H. (1978). The cost of equity capital for small business. American Journal of Small Business, 2(1), 1-11.
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Managing Money Cash Is the Main Basis

Words: 665 Length: 2 Pages Document Type: Essay Paper #: 21830322

Managing Money

Cash is the main basis of financial management in a new company. In most instances, the period between payment of suppliers and employees as well as a collection of debt from the customers is often a challenge. The solution to all these financial challenges is sound financial flow management. Managing of cash flow means delaying expenditures of cash and at the same time ensuring anyone owing the business pays up rapidly.

Managing Cash in a new business

Measuring of cash flow is necessary as accurate financial flow projection helps the business owner to be aware of an upcoming business challenge before it happens. On the other hand, cash flows should not be used to gauge the business environment in the future. There are a number of elements that need to be considered to counter the challenges. The factors are evaluating the payment histories of the customers, business thoroughness…… [Read More]

References

Stone, R. (September 01, 2001). Managing wealth: A new approach. Journal of Financial Services Marketing, 6, 1, 84-97.

Land, C., & Taylor, S. (January 01, 2010). Surf's Up: Work, Life, Balance and Brand in a New Age Capitalist Organization. Sociology, 44, 3, 395-413.
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Management v Auditors Responsibility Responsibilities of Management

Words: 1375 Length: 4 Pages Document Type: Essay Paper #: 71652918

Management v. Auditors Responsibility

Responsibilities of Management and Auditors & the Public Perception series of high-profile business melt-downs in 2001, led by the Enron scandal have put the roles and responsibilities of the corporate management and the auditors in sharp focus. The public outcry against the necessity of preventing such crises in future has led to stricter regulation and extensive debate about the responsibilities of the management and the auditors. In this paper I shall explain the management's role and responsibilities verses the auditors' and also discuss how the public's perception of the auditor's duties have differed over time from that of the profession's.

The Management's Responsibilities

The management is responsible for formulating policies in an organization for efficient utilization of resources, setting goals, and providing the necessary resources, leadership and direction for achieving the goals. The ultimate objective of the management in a for-profit organization is to maximize the…… [Read More]

Works Cited

Colson, Robert H. "CPA Journal Education Forum Anticipates Future." The CPA Journal. 72: 8. (2002): 20+.

Gibson, Kim M. And Arleen R. Thomas. "Management is responsible, too; practical advice to help corporations prevent detect and deter fraud." Journal of Accountancy. 195: 4. (2003): 53+.

Locatelli, Mary. "Good Internal Controls and Auditor Independence." The CPA Journal. 72: 10. (2002):12+.

Telberg, Rick. "Happy New Year! Yes, It Really Could Be." At Large Column. December 29, 2003 The AICPA Website. March 9, 2004 https://www.cpa2biz.com/News/Telberg/Happy+New.htm