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Why is financial management important even if it is not in your line of work?
Wiki User
∙ 12y ago
Financial Management deals with acquisition of funds for investment purposes and its wisely allocation of that funds.
It is important to know Financial Management because we are involved in the process of making decision on Financial Planning,Control and Decision making in our firms as Managers.So we need to have knowledge of Financial Management for assisting us being best managers.
Wiki User
∙ 12y ago
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What is a depository financial institution?
on line bank
Is line Management concept or construct?
Construct
Where can you obtain industry norms?
Where can we obtain industry norms? A financial analyst can obtain norms from a variety of sources. Two of the most well known are the Dunn & Bradstreet industry ratios and the Risk Management Association guide to industry ratios. Other sources include Standard & Poor's and Value Line.
What services are offered by Bremer Bank?
Bremer Bank offers services to small businesses as well as individuals. Services range from Wealth Management to CD's, personal loans and mortgages. Visit their website for more details on their full line of financial services.
The risk-return relationship for each financial asset is shown on?
the security market line
How does bottom round management differ from bottom line management?
You can think of bottom round management like just in time production. Bottom line management centers around achieving the financial bottom line first at the lowest cost. BRM or JIT focuses on fast, efficient, cost effective ways to produce your product or service at a lower cost with quality that the customer values. *I think*
What are the advantages of line management?
what are the advantages of line management?
Management levels in a typical business?
Executive managementMiddle ManagementFront-line managementExecutive managementMiddle ManagementFront-line managementExecutive managementMiddle ManagementFront-line managementExecutive managementMiddle ManagementFront-line managementExecutive managementMiddle ManagementFront-line managementExecutive managementMiddle ManagementFront-line management
What about investment decision of financial management?
Investment decisions are the most important of a firm's three types of decisions. It begins with the amount of assets a firm needs to be held by the firm. Try to picture the firm balance sheet in your mind for a moment. The financial management need to determine the dollars amount that is above the double line on the left hand side of the balance sheet- that is the size of the firm. Even when the number is known, the composition of the assets must still be decided. For example, how much of the firm's total assets must be devoted to cash or inventory. Also, the flip side of the firm's investment of disinvestment must not be ignored.
What are the differences between first line management and second line management?
First line management is the individual that is responsible for overseeing the entering operation of the line. Second line management is often on duty when the first line manager is not. These individual will usually try to find an acceptable solution in accordance with company policies. When they cannot find a solution the second line manager will then take the concern to the first line manager during shift changes.
What are different types of management?
Many organizations have multiple levels of management; top management, middle management, and first-line, or supervisory management.
What is a depository financial institution?
on line bank
Is line Management concept or construct?
Construct
What is the importance of line?
becauseit is important
How does the functions of top management differ from the first line management?
top management are the decision makers, they control, administer, delicate and manage the organisation whereas the first line manager sees to it that all these are adhered to
What is Scalar principles in principles in management?
there must be a clear and unbroken line of command or management structure.
Where can you obtain industry norms?
Where can we obtain industry norms? A financial analyst can obtain norms from a variety of sources. Two of the most well known are the Dunn & Bradstreet industry ratios and the Risk Management Association guide to industry ratios. Other sources include Standard & Poor's and Value Line.
