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Modern financial manager vs traditional financial manager?
The modern financial manager uses computer technology to develop strategies. The traditional financial manager uses research and evaluation to develop strategies.
How would you monitor review financial activities against a budget in a medium to large hospital establishment?
How to monitor the budget in hospitals
how does the modern financial manager differ from the traditional financial manager Does the financial managers role differ for large diversified form and the small medium size firm?
A modern finance manager is totally different from traditional finance manager. Initially the finance manager was concerned and called upon whenever funds were required by the firm. The traditional finance manager was given a target amount of funds to be raised and was given the responsibility of procuring these funds. So, his function was for raising the funds only. Once the funds were procured his function was over. However, over a period of time, the scope of his function is tremendously widened. His presence at present is required at every moment whenever the decision involving funds is to be taken. The functions of traditional finance manager are: Overall financial planning and control Raising funds from different sources Selection of fixed assets Management of working capital Any other financial event While performing these functions the scope of finance manager increased from traditional to modern and so has their working. Today, a modern finance manager has to operate a link between firms operations on one hand and the capital market on other hand. The role of finance manager as an intermediary arises because of two way cash flows between the firm and the investors in the first instance the investors provide funds through capital market to the firm and second, the firm distributes profit among the investors in the form of interest or dividends. So the finance manager has to take care of the interest of the investors as well as the firm. While performing these functions, he is required to take different decisions which can be broadly classified into 3 groups: Investment decision: Firms has scarce resources that must be allocated among competitive uses. The investment decisions include not only that create revenues and profits but also those that save money. Financing decision: Financing decision deals with the financing pattern of the firm. As a firm makes decisions concerning where to invest these resources they also have to decide how they should arise resources. There are 2 main sources of finance- a. The shareholders funds b. Borrowed funds The borrowed funds are always repayable and the shareholders funds are not repayable. Dividend decision: Another major area of decision making by a finance manager is dividend decision. It deals with appropriation of profits after tax. These profits are available to be distributed among the shareholders or can be retained by the firm for reinvestment within the firm.
What is financial services and financial products?
Financial products are the products you can redeem, en cash rather than hard money like Insurance, mutual funds, shares and stocks Financial service is very broad in nature - that include providing services for financial products e.g guidance for insurance, rendering all the services related to insurance. Financial planing Advising for selection best investment option, advising for suitable mutual fund/stocks etc Credit management, liasoning and arrangement for investment or credit etc.. In short financial service include Wealth management Financial Planing Credit - Short term medium term long term loans for business Home loan Property Loan Investment banking/merchant banking IPO services
What is medium-price loan?
A medium-price loan typically refers to a loan that falls within a moderate range of interest rates or amounts, often positioned between low-cost and high-cost loans. These loans are generally offered by financial institutions to borrowers with a fair credit profile, providing a balance between affordability and accessibility. They can be used for various purposes, including personal expenses, home improvements, or consolidating debt. The specific terms and conditions can vary significantly depending on the lender and the borrower's financial situation.
Modern financial manager vs traditional financial manager?
The modern financial manager uses computer technology to develop strategies. The traditional financial manager uses research and evaluation to develop strategies.
What are financial services?
These are the main financial services:Providing Long, Medium and short term loansProviding financial information of the particular field
Prepare a financial plan for small to medium size tourism enterprise?
your mom gives you financial advice
What are mechanical waves and how do they differ from other types of waves?
Mechanical waves are waves that require a medium, such as air or water, to travel through. They transfer energy by causing particles in the medium to vibrate. These waves differ from electromagnetic waves, which can travel through a vacuum, and do not require a medium to propagate.
Sounds with the same pitch and loudness traveling in the same medium may differ in what?
Sound of the same frequency and the same amplitude may differ in sound color or timbre.
Does the speed of sound differ depending on the medium through witch it travels?
Yes it depends on it. Generally it has a high speed in metals.
26. This transition level allows emergency managers to study the social media medium and language used in order to better understand the workings of the service.?
Monitooe
How does e marketing differ from e commerce?
E commerce is a platform to buy or sell products through online medium whereas e marketing is a technique to promote or advertise things through digital medium.
How would you monitor review financial activities against a budget in a medium to large hospital establishment?
How to monitor the budget in hospitals
How does the behavior of light passing through a medium differ from its behavior in a vacuum?
When light passes through a medium, such as air or water, it can be absorbed, scattered, or refracted, which can change its speed and direction. In a vacuum, light travels at its maximum speed and does not interact with any medium, so it does not experience these changes in behavior.
How does the propagation of sound in a medium differ between a transverse wave and a longitudinal wave?
In a transverse wave, the particles of the medium move perpendicular to the direction of the wave, while in a longitudinal wave, the particles move parallel to the direction of the wave. This difference in particle movement affects how sound propagates in the medium.
What type of group benefits does Manulife Financial offer?
Manulife Financial offers many group benefits. They offer retirement plan services for medium to large businesses. They also offer stock broker services to investors. Manulife Financial will also offer speakers to speak about financial planning for your group.
