Financial planning and management are critical components of business success. Effective financial planning and management help companies allocate resources, manage costs, and grow their business over time. This article will provide an overview of the key strategies for financial planning and management.
Keywords: Financial planning, financial management, business operations, budgeting, forecasting, risk management
Latest Research Areas:
- Corporate Financial Planning and Budgeting: This area of research focuses on the development and implementation of financial plans and budgets for corporations.
- Financial Forecasting: This area of research examines the process of predicting future financial performance based on historical data and other relevant information.
- Risk Management: This area of research focuses on the identification and management of financial risks, including credit risk, market risk, and operational risk.
- Corporate Financial Performance Management: This area of research examines the strategies and techniques used to measure and improve financial performance, including cost management, revenue management, and working capital management.
- Small Business Financial Management: This area of research focuses on the specific financial management needs of small businesses, including cash flow management, financing options, and tax planning.
Financial planning and management are essential components of successful business operations. By implementing sound financial strategies and techniques, companies can effectively manage costs, allocate resources, and achieve their financial goals.
References:
- Brealey, R. A., Myers, S. C., & Allen, F. (2017). Principles of Corporate Finance (12th ed.). McGraw-Hill Education.
- Copeland, T. E., Koller, T., & Murrin, J. (2000). Valuation: Measuring and Managing the Value of Companies (3rd ed.). John Wiley & Sons.
- Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial Finance (14th ed.). Pearson.
- Van Horne, J. C. (2011). Financial Management and Policy (12th ed.). Prentice Hall.
- Sharpe, W. F. (2013). Investments (10th ed.). Prentice Hall.