When most people think of financial management, they often think of managing their own bank accounts: paying rent or mortgage, paying water and electricity, buying food grocery, and may even plan a monthly budget.But the financial management of enterprises is a more complicated pursuit.It involves control and tracking all the funds of all inflows and outflowing enterprises, as well as measures to make the company profitable and financial security as much as possible.

When you encounter difficulties in studying financial management overseas, you can click on the blue word link to get professional curriculum tutoring servicesBangalore Investment!

In order to understand more clearly, let's break down some key goals and functions of financial management.

1. What is financial management?

Financial management is about controlling the inflow and outflow of funds in the organization.Each enterprise needs to sell products or services, payment fees, checkout and taxation.Financial management covers all these contents and more complicated processes, such as paying employees' compensation, purchasing materials, and submitting reports to government agencies to show that they follow the applicable laws and regulations.The behavior of monitoring all these transactions of enterprises is what we call the company's financial management.Generally speaking, the larger the company's scale, the more complicated financial management.

Employees specializing in financial management are responsible for the inflow and outflow of all funds of the company.Small companies will have at least one accountant or bookmaker cooperate with the bank to implement these transactions and track the flow of funds.Large companies usually have the entire financial team, which are led by the chief financial officer (CFO), financial supervisor, financial leader or person in charge.

The primary task of the financial team is to ensure that the company maintains debt and never lack money & mdash; & mdash; but this is not their only task.They are also responsible for handling loans and debt, checkout, supervision investment, raising risk capital, and managing public offering (that is, selling companies shares in the open market).Basically, the financial team protects the company's financial resources, monitor and controls all transactions, and take measures to make the company profitable as much as possible.

2. Key points

Financial management is the monitoring, protection and reporting of the company's financial resources.

The company has an accounting or financial team responsible for managing finance, including all bank transactions, loans, debt, investment and other sources of funds.

The financial team is also responsible for ensuring that the company complies with all regulations, maintains debt repayment, and is profitable as much as possible.Kanpur Stock

Third, understand financial management

Financial management includes business processes covering each team and department of the company.The duties of the financial team include:

Invoice and account receivables: Customers pay or have promised to pay the funds of the enterprise.The financial team is responsible for issuing invoices and processing payment when receiving the money.The receiving team is responsible for following the overdue account (this process sometimes outsourced to third parties).

Accounts payable: The company owed suppliers' funds.The financial team is responsible for paying these bills and recording the payment.

Bank transactions and reconciliation financial teams closely cooperate with banks to ensure that each bank transaction is dealt with correctly.They must also ensure that the bank's statement is consistent with their own records, which are stored in the company's general account and details.The financial team must follow up and correct any difference between the bank's statement and the ledger & mdash; & mdash; this process is called account adjustment.

Checking: On a specific date, the company will summarize the transaction during a certain period in order to reconcile and report its financial status.This checkout process is usually carried out at the end of the month, the end of the quarter, or at the end of the year.

Report: The company must regularly report its financial performance, whether it is to the CEO, the board of directors, investors, shareholders, or government regulatory agencies.The financial team is responsible for ensuring that these reports are clear and accurate.

Scenario modeling, planning and budget: Scenario modeling must first make some assumptions on the upcoming period of time, for example, "next quarter, we expect income to be 10 million to 15 million US dollars."The financial team will run a variety of "assumptions" scenarios for the best and worst cases, so as to be estimated that how much funds will own if the company will have.Based on these models, the financial team will evaluate how to deal with and formulate appropriate plans, predictions and budgets.Generally, the financial team will cooperate with other departments (such as sales, human resources, project management or purchasing teams) to establish models, which include data such as sales forecast, labor costs and inventory costs.This is called a associated plan.

Wage bills and expenses: Personal salary checks for employees are usually the responsibility of the human resources department.However, the overall labor cost will be summarized to the financial team so that they can include it into the budget and plan.The financial department is also responsible for reimburse employee costs, such as travel and catering costs related to work.

Cash management and prediction: As the funds continue to flow into and out of the enterprise, the financial team's prospect of looking forward to the future is very important.They must ensure that the company has sufficient cash in the next quarter, next year & mdash; & mdash; and even maintain debt repayment within the next three to five years.In most companies, cash predictions are usually performed once a month.

Taxation strategy: Each company must report taxes; more, like other people, they want to use more deductible projects to avoid paying more taxes.Some financial teams have tax experts to manage this.Teams without tax experts usually outsourcing this task to accounting companies.

Risks and compliance every company is facing financial risks, ranging from interest rates to global epidemic diseases.The responsibility of the financial team is to control these risks and reduce the company's risk exposure as much as possible.They must also ensure that the company complies with the rules and regulations formulated by the government, regulatory agencies, and other jurisdictions to maintain compliance and avoid huge fines.

The tutoring of the Horse Horse Class Professional Course has made the following new changes:

级 The audition class is fully upgraded, and the dissatisfaction retires 50%.

升 Curriculum counseling product upgrade, premium protection

可以 Counseling is not satisfied and can be retreated at will!

Haima classroom, 4000+selected masterpiece teachers, for students 'weak subjects and school teaching progress, matching mentors with a background match, conduct 1V1 exclusive lessons according to the students' situation, flexible arrangements for class time, Chinese and English bilingual interpretation courses, difficult points in the course, difficulties in the course, difficult points in the course, difficulties in the course, difficulties in the course, and difficulties in the courses in the courses.The problem also provides multi -directional after -school counseling to assist students to master all curriculum knowledge and make up for shortcomings.Simla Stock