This article throws light upon the top seven features of financial management. The features are: 1. Estimating Financial Requirements 2. Deciding Capital Structure 3. Selecting a Source of Finance 4. Selecting a Pattern of Investment 5. Proper Cash Management 6. Implementing Financial Controls 7. Proper Use of Surpluses. Financial Management: Feature # 1. Estimating Financial Requirements: The first task of [...]
This article throws light upon the top two measures used for measuring shareholders value creation. The measures are: 1. Economic Value Added (Eva) 2. Market Value Added (MVA). Shareholders Value Creation: Measure # 1. Economic Value Added (Eva): Economic value added is a measure of performance evaluation that was originally employed by Stern Stewart & Co. It is very popular [...]
This article throws light upon the top eight functional areas of financial management. The functional areas are: 1. Determining Financial Needs 2. Selecting the Sources of Funds 3. Financial Analysis and Interpretation 4. Cost-Volume-Profit Analysis 5. Capital Budgeting 6. Working Capital Management 7. Profit Planning and Control 8. Dividend Policy. Financial Management: Functional Area # 1. Determining Financial Needs: A [...]