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What is financial stewardship?

Updated: 4/28/2022
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Financial stewardship is when one entity assumes the financial responsibilities for another entity. The steward would be expected to act in the best intentions for the entity in terms of financial planning, investments and accountability.

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What is the symbol for Stewardship Financial Corp in NASDAQ?

The symbol for Stewardship Financial Corp in NASDAQ is: SSFN.


What is the market cap for Stewardship Financial Corp SSFN?

As of July 2014, the market cap for Stewardship Financial Corp (SSFN) is $26,095,745.70.


What is the definition of financial stewardship?

Financial stewardship is the assumption of responsibility of the financial well being of another or a group. The expectation being that this responsibility will be carried out with great care, keeping in mind the good of the individual or group being served. Financial stewards have been entrusted with the financial resources of another. There is an expectation of care to be followed when acting as a steward. A financial steward would be expected to make those decisions which would best benefit the individual or group whose financial assets are being cared for; managing expenses, responsible investing, and accountability.


What is the purpose of IT financial management?

The purpose of Financial Management is to ensure that: • Money is managed and spent wisely • The financial resources available align fully with the organization's plans and requirements for IT service delivery • Investment decisions are sound and relevant to the organizations objectives • Financial risks are identified and managed effectively • Governance arrangements are in place to ensure the effective stewardship of financial resources and to define clear accountabilities • The organization complies with all relevant financial regulatory obligations and the overall financial policy and strategy of the business.


What are the objectives of IT financial management?

The key objectives of IT financial management are to ensure that: • There is an effective system for financial planning and budgeting • Financial plans and budget allocations are aligned with the Service Portfolio • All proposed investments have a business case that meets the standards of the organization • All significant financial risks are identified and fully managed • There is an appropriate governance framework in place with clear accountabilities and all those who need to be are properly trained in relation to it • All financial expenditure is properly accounted for and there is an audit process to ensure proper stewardship of financial resources • The costs and value of all IT services, processes and activities are monitored, measured and understood and appropriate actions are taken on the basis of their financial performance.

Related questions

What is the symbol for Stewardship Financial Corp in NASDAQ?

The symbol for Stewardship Financial Corp in NASDAQ is: SSFN.


What is the market cap for Stewardship Financial Corp SSFN?

As of July 2014, the market cap for Stewardship Financial Corp (SSFN) is $26,095,745.70.


What has the author Julius Earl Crawford written?

Julius Earl Crawford has written: 'Financial recovery for the local church' -- subject(s): Church finance 'The call to Christian stewardship' -- subject(s): Christian Stewardship


What is the definition of financial stewardship?

Financial stewardship is the assumption of responsibility of the financial well being of another or a group. The expectation being that this responsibility will be carried out with great care, keeping in mind the good of the individual or group being served. Financial stewards have been entrusted with the financial resources of another. There is an expectation of care to be followed when acting as a steward. A financial steward would be expected to make those decisions which would best benefit the individual or group whose financial assets are being cared for; managing expenses, responsible investing, and accountability.


What are synonyms of stewardship?

Some synonyms for stewardship include responsibility, caretaking, guardianship, and oversight.


What is the relationship between stewardship and homosexuality?

Stewardship refers to the responsible management and care of resources, including relationships and communities. There is no inherent connection between stewardship and homosexuality; individuals can practice stewardship regardless of their sexual orientation. The focus should be on promoting respect, compassion, and inclusivity towards all individuals, regardless of their background.


What is the Tagalog word for stewardship?

The Tagalog word for stewardship is "pangangalaga." It refers to the responsible management and care of resources entrusted to one's care.


What has the author Richard Waddell written?

Richard Waddell has written: 'Stewardship' -- subject(s): Christian Stewardship, Church finance, Stewardship, Christian


What is the behavioral assumption of the modern financial-economic theory?

The behavioral assumption of the modern financial-economic theory runs counter to the ideas of trustworthiness, loyalty, fidelity, stewardship, and concern for others that underlie the traditional principal-agent relationship.


When was Marine Stewardship Council created?

Marine Stewardship Council was created in 1997.


What is the population of Marine Stewardship Council?

Marine Stewardship Council's population is 100.


What is the Greek word for Stewardship?

The Greek word for stewardship is "oikonomia" and refers to an administrator.