Definition of Financial Management According to Dr. S. N. Maheshwari‚ "Financial management is concerned with raising financial resources and their effective utilisation towards achieving the organisational goals." According to Richard A. Brealey‚ "Financial management is the process of putting the available funds to the best advantage from the long term point of view of business objectives." Functions of Financial Management Functions of financial management can be broadly divided into
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Financial Crises and Firm Performance Financial crises • Financial crises could happen anywhere‚ although emerging markets tended to be more seriously afflicted in recent times • Companies operating in a region where a financial crisis had broken out could undergo corporate disasters as a result. • The following sections describe what happened during three major financial crises in the late 1990s and early 2000s‚ and how the business sectors of the regions were affected. • The best-known of
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1. Business United Small Business Telecom (USB Telecom) is a telecom company that offers mobile services to medium businesses. This company develops products to help small business owners in their day to day activities; the applications will enable them to do their business efficiently with speed‚ and reliability. Mobile consumers have grown enormously and most of the business is done via mobile and its going to expand heavily in future. USBT customers will be able to report any service outage issues
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2) Grant Thornton IFRS Page 40. Expenditures related to research are expensed as incurred. Internally generated intangibles representing development shall be capitalised if certain conditions are met. Page 41 Research costs shall be expensed as incurred (IAS 38.54). Intangible assets arising from development shall be capitalised if an entity can demonstrate all of the following: Technical feasibility of completing the intangible asset
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assured 2. Collectibility is reasonably assured “Earnings process” is substantially complete. Operational functions firm that ADD VALUE in generation of revenue Varies across different firm Eg. Produce goods→sale →collect cash→provide after sale service Contract-Based Approach Contract-Based Approach Contract is recognized when all of the following conditions are met: 1. The entity is party to the contract‚ 2. The contractual rights are collectible/measurable‚ and 3. The
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among 18- to 25-year-olds (Fishburne‚ Abelson‚ & Cisin‚ 1980)” (Jeffrey Arnett‚ 342). There has been some psychological studies done on why music is so much better when a person is “high.” In Vannatta’s article‚ “Why Marijuana Makes Music Sound So Much Better‚” she explains the psychological effects and reasons of why that “high” feeling you get makes music more enjoyable. According to her article‚ “The corpus callosum connects the two hemispheres of the brain. THC‚ the active ingredient in marijuana
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Opportunities Comic books have come a long way since their inception more than 75 years ago. Particularly in the past decade or so‚ comics have become increasingly recognized for their potential literary value. Offering a combination of reading and visual stimulation that research shows many pre-teen and teen-aged boys prefer‚ comic books can‚ according to some studies‚ help improve literacy. And this learning potential has not gone unnoticed. Take the non-profit Kids Love Comics‚ whose main mission
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Ethics in Accounting and Financial Decision Making Financial Decision-making is one of the most important things in the business world. In today’s diverse world‚ ethics in accounting and financial decision- making is a process that many organizations have trouble dealing with. Many organizations put emphasis on ethics and the financial decision making process within the organizations. It is expected that all organizations will behave in an ethical manner in the current economy. In today’s business
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centres‚ for investment centres many firms employ measures that are based on profit and invested capital(McGraw-Hill Higher Education). C. Drury (2008) argues that performance measurement is one of the key functions of management accounting. Neely‚ Adams & Kennerly (2002) has defined performance measurement as the following: “The process of quantifying the efficiency and effectiveness of past actions.” Within this definition is a reference to non-financial measures‚ defined by Moulin (2002)
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What are the major limitations of Financial Accounting? Explain with the help of Examples. What are the alternatives to overcome these limitations? Financial accounting can be defined as reporting of the financial position and performance of a firm through financial statements issued to the external users on a periodic basis. It is a field of finance that treats money as a means of measuring economic performance instead of treating it as a factor of production. It encompasses the entire system
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