Effective Financial Management: The Cornerstone to Success

Name: Effective Financial Management: The Cornerstone to Success
Brand: Business Expert Press
SKU: 9781606492338
Price: 1543.0 INR
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by Geoff Turner

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ISBN13: 9781606492338
Binding: Paperback
Subject: N/A
Publisher: Business Expert Press
Publisher Imprint: Business Expert Press
Publication Date: June 15, 2011
Pages: 166
Original Price: USD 21.99
Language: English
Edition: N/A
Item Weight: 232 grams
BISAC Subject(s): Accounting / Financial and Corporate Finance / General

About The Book

In a fast changing world, brimming with social and economic uncertainty, financial information plays a vital role in the life of an organization and does so with two sets of eyes. One set looks back to see what has happened. This is the accounting function, which is simply about the recording of events and the production of the financial reports that satisfy the stewardship responsibility of management. The other set looks forward to determine the most appropriate strategic direction for an organization, guiding managerial actions, motivating behaviors, and creating and supporting the cultural values necessary to achieve an organizations strategic objectives. This book is all about the second set of eyes, which are the lenses of STRATEGIC FINANCIAL MANAGEMENT, that help organizations plot their way through an environment filled with opportunities and dangers. For students, aspiring managers as well as those who already have management responsibilities this book provides an insight, through the eyes of the characters of a start-up company, of some of the ideas and models that help to identify the possible strategies capable of maximizing an organization's value, which is the same as making the owners as wealthy as possible, to determine how to finance the organization in the most proper way, to allocate the collected capital in the most effective way, to monitor the implementation of the chosen strategy to see whether it is meeting the planned objectives, and to reasonably decide on the reinvestment and distribution of profits.

About The Author

Turner, Geoff: - Dr Geoff Turner lives in Cyprus and is currently the Executive Director of Mindscrossing Knowledge Centre Limited, an Associate Professor of Accounting at the University of Nicosia, and joint editor of the Electronic Journal of Knowledge Management.

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