Financial Analysis and Control Systems - Essay Example

Free

Extract of sample
Financial Analysis and Control Systems

Importance of Working Capital Management in Budgeting There are various ways of developing working capital and working capital management. These starts with the simple duty of assessing the expenditures, revenue sources and the pending debts on daily, weekly, monthly or yearly basis. It is followed by planning before hand on how to strike a balance between these variables. To provide more cash for working capital management there is need to lower the costs of production whilst putting at level the sales revenue so as to increase the profit margin. Problems related with short term working capital management can be dealt with through trading short term liabilities for non-current liabilities and investing the amount allotted into the generation of revenue to pay off the long term debts (Masoud, 2007; p. 195). Working capital management helps in the process of controlled disbursement during budgeting. The bank which acts as a safe custody of the business is entitled with the mandate of giving a frequent report that gives the amount of disbursement that will be charged to the clients’ accounts. This prior information helps the business to plan accordingly on how the accounts can be executed and the manner in which they can be executed. Management of working capital helps in the process of reconciliation of accounts. ...Show more

Summary

FINANCIAL ANALYSIS AND CONTROL SYSTEMS Name Institution Date Introduction Working capital management is one of the most significant tasks for all business managers and financial analysts. Business must strike a precise balance amid assets management and liability management for effective perpetual operation (Titman, 2002; p…
Author : averypfannersti
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Financial Analysis and Control Systems"
with a personal 20% discount.
Grab the best paper

Related Essays

Islamic Financial System as an Effective Planning & Control Framework in Kuwait
The process of planning is considered to be quite integral for organizations as it aids the organizations in establishing its intentions and objectives along with ascertaining the ways of attaining them. The functions of planning along with control assists in building extensive principles or instructions for the reason of ensuring the appropriate distribution of the accessible resources with regard to the organization.
15 pages (3750 words) Admission/Application Essay
Strategies for financial success: vestas wind systems
24 Bibliography 27 Appendices 29 Question 1 Introduction Vestas Wind system is Danish electrical equipment manufacturer and distributer of wind turbines. The company was founded in the year 1945 and is a publicly traded company. The company has experienced tremendous growth in the 90s which then gradually declined due to competition in the sector.
14 pages (3500 words) Essay
Financial Analysis and Forecasting
7 pages (1750 words) Coursework
Product Cost and Budgetary Control Methodologies and Systems
It further enables top management to anticipate the effects and outcomes from a given set of events on the company. This brings out the budgetary control methodology that involves systematic planning the most effective use of the company’s resources to achieve the entity’s objectives.
7 pages (1750 words) Essay
Managerial Control Systems (Take home exam)
81). The need for CMA emerged when it became incumbent upon business managers that a systematic approach should be employed in including greenhouse gas emission considerations in entrepreneurial decisions (Guenther & Stechemesser, 2011). According to Burritt, et al., (2011), there are four ways by which companies may approach carbon management by: (1) savings generated in the course of emissions trading; (2) saving on energy which is the pay-off for effort invested; (3) labeling the firm’s products as carbon-neutral and thereby gain market advantage; and (4) responding to the increasing demands upon industry to disclose information on the emissions produced by their operations, as well as
8 pages (2000 words) Essay
Levers of Control, Balanced Scorecard 1, Non-Financial Performance Measures
The purpose of the article is to highlight the importance of effectively using nonfinancial performance measures, revealing the mistakes that companies make when measuring nonfinancial performance and introducing and highlighting the effective practices for measurement of nonfinancial performance.
4 pages (1000 words) Article
Introduction to Accounting - AAS3
5.6 billion per year and is likely to double in a decade. It has a market share of 11.7% which is just behind that of Tesco, Asda and Sainsbury while its range of products includes grocery items such as food, drinks, nuts, sauces, soups, ready meal, frozen meal, and specialized range of products that are targeted towards health conscious people.
6 pages (1500 words) Coursework
Financial Control
Moreover, Balanced Scorecard helps in the establishment of effective internal and external communication in these institutions to facilitate efficacy in organizational performance. This is a system invented by Harvard Business School lecturers by the names Robert Kaplan and David Norton.
7 pages (1750 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT