Most of the time, the people in charge of a company’s finances have offices close to the executive suite. They have access to high-tech tools that help them be creative, and they travel all over the country to meet with business partners. This article discusses in detail about role of finance manager. The job of […]
When a company makes more money and grows, it can think about and plan for more money. The growing and building up of capital reserves in the company’s books shows how important financial management is to the business’s operation. Planning for taxes should be part of planning for money. If you don’t do your taxes
Corning, a technology conglomerate that specializes in glass and ceramic products, has been in business for over 160 years. The company’s management takes a long-term view and doesn’t prioritize pleasing Wall Street’s quarterly earnings. Although Corning is best known for its kitchenware products such as Corelle dinnerware and Pyrex glass cookware, it is now a
The finance manager’s duties go far beyond this one analysis. They include creating a financial model, analysing ratios, forecasting for different accounts, cash budgeting, analyzing common size statements, sensitivity analysis, scenario planning, using the most cost-effective sources of financing, choosing profitable investment sectors, and putting together the best portfolio of investments to spread out investments
Every business, from the corner bakery to General Motors, needs capital to be successful. Before a business can start making a profit, it has to subtract the cost of goods sold, production equipment, office space, and employee salaries. Because of this, it’s important for any business to have enough money. Even though it’s not as
