Financial management is the management of all financial activities that includes processes such as planning, directing, organizing and controlling. In other words, it can be defined as the application of general management principles to financial activities of the enterprise. The basic objectives of financial management have been highlighted in the Financial Management Assignment. Some of them are given below: –
- One of the main objectives of financial management is to maximize the wealth of shareholders. It is a great approach that aims at the growth of the organization.
- To cut down additional and unnecessary costs for effective utilization of funds. It will reduce the wastage of funds in useless assets.
- To ensure that sufficient amount of funds is available at the time of need. It is an important step that must be taken by the management for a sound financial condition of the business.
Functions of Financial Management:
Financial management plays a crucial role in business and has numerous functions. The various functions of financial management have been discussed in the Financial Management Assignment. Some of them are mentioned below: –
Investment of Funds- It is the task of financial manager to allocate and invest funds into profitable ventures in order to ensure the safety of funds in the investment.
Estimation of Capital Requirement- the capital requirement is estimated according to the profits, expected costs and future policies of a firm. An adequate estimation is necessary for the growth of the firm.
Management of Cash- financial managers have to make decisions regarding cash management. The management of cash is required for many purposes like raw materials, maintenance of stock, wages and salaries, creditors, bills, etc.
Financial Control- it is important of financial management. It can be done through techniques like financial forecasting, ratio analysis, cost and profit control, etc.
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Accounting plays a crucial role in national development. It also involves other related disciplines such as financial management, cost, and management accounting, budgetary control taxation and auditing. It is not only used for decision making, but also for taxation, capital formation, economic planning, and accountability. Accounting is a vast subject and has many disciplines related to it. Accounting Homework Helper explains the various role of accounting in national and economic development. Some of the rules of accounting in national development are discussed below: –
- Cost Savings- For an economy to grow and develop, the additional costs must be minimized. Cost and management accounting works, as the most powerful tool that helps the accountants to guide the management. One of the main roles of accountants is to give management the best advice on cost saving.
- Preparation of Budget- Accounting plays a crucial role in the preparation of the national budget and national income. Without accounting, it would not be easy to keep a track on productive activities going on in an economy. It sets a target for the optimal utilization of the resources.
- Preparation of Financial Statements- Financial statement is the statement prepared by the accountants which include all the business activities. Business owners can monitor the business activities by referring to the financial statements of the company.
- Fraud Fighting- Accounting helps to monitor the activities of fraudsters.
Role of Finance in Economic Development:
Finance plays a vital role in Economic Development. It is a broad subject and has many aspects attached to it. Financial topics include managerial finance, balance sheet analysis, capital budgeting, etc. Finance Assignment Help Online explains the various role of finance in economic development. Some of the rules of finance in economic development are discussed below: –
- The growth of Capital Market- Two types of capital is required for any business- fixed capital and working capital. As the name suggests, fixed capital is used to invest in fixed assets (plant, infrastructure, and machinery). While the working capital is used to run the day-to-day activities of the business. The main use of working capital is to purchase raw materials and convert them into finished products.
- Development of Trade- Finance or the financial system is the basis of promotion of both domestic and foreign trade. In the financial system, there is no interaction between the seller and the buyer. All the documents related to trade are negotiated through the bank.
- Economic Integration- There is a vital role in the financial system in promoting economic integration. And all those countries should have common economic policies, such as common trade, investment, commerce, transport coordination, employment legislation, old age pension, etc.
- Employment Growth- the presence of the financial system in a country will give rise to more employment opportunities. The money market of the financial system provides working capital to business owners and manufacturers. Employment is also generated by various financial services like merchant banking, factoring, leasing, etc.
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The main objective of a marketing department is to sell goods and satisfy needs of the customers. Marketing includes the development of a product, promotion of that product and its distribution activities. The importance of finance in marketing is explained in Finance Assignment Help Online. To perform all these activities, the marketing department needs money to pay salesmen, for advertisements and other promotional activities. Sometimes, finance department rejects the money asked by the marketing department. It will create confliction due to different perceptions. In order to avoid conflict, a healthy and good relationship must be maintained between both the departments. When the marking department gets big order to supply goods, then the finance department must help by arranging money for buying raw materials so that the production can be started without any delay. Finance and Marketing are related to each other in several ways.
Finance and its relation with Production:
The main objective of a production department is to produce the goods. In order to produce these goods, the production unit needs raw materials, workers, and various other facilities. To fulfill all these expenses the production department needs fund and money, which will be sanctioned by the finance department. To know more about finance and its relation to production, refer Finance Assignment Help Online. The Finance department has control over the production department and allows funds, according to the requirement. Therefore, it can be said that the production department is dependent on the Finance department. Now, financial status of a company will increase only if there is a huge production of goods. The sale and profitability in the production department will be reflected in the finance department. A business team can only succeed when both the departments will adopt co-operative view for each other. Hence, both finance and production are dependent on each other.
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Finance and its assignments:
The main objective of any business is to sell products or services and to gain a profit. Financial knowledge helps us to know additional ways to make money and leads to successful business. We know, finance is the most dominant factor in business. Without finance or its knowledge, business activities could not be carried on. Financial knowledge is required to maximize the value of the firm. It would not be wrong to say that finance is the heart or lifeblood of business organizations.
The various ways in which Finance helps to improve business is explained in the following section of Finance Assignment Help Online.
- Management of Accounts Receivables- Accounts Receivables is an important area where financial knowledge is an essential requirement. Financial concepts such as shortening the due period, offering discounts for early payments, charging a penalty for late payments, etc. are applied in the management of accounts receivables.
- Borrowing money- Expansion of a business includes the launching of new products, the establishment of different branches, contributing funds to joint ventures, etc. For the expansion of business, the organization or firm should have the ability to borrow money. Financial knowledge helps the management to know how lending process works, about the business credit rating and many other financial related concepts.
- Investment- One of the methods followed by businesses to increase their cash is to invest the available cash. Financial knowledge allows understanding of a variety of investment options available to invest.
Financial Management and its assignments:
In a nutshell, the management of finance is known as financial management. It is a part of general management that deals with the finance function of the business. Some of the importance of financial management includes the acquisition of funds, financial decisions, proper use of funds, financial planning, promote savings, etc. Financial management is an integral part of an overall business in any business firm.
Importance of Financial Management in business explained in Financial Management Assignment is given below: –
- Budgeting- This area of financial management deals with the planning of all expenses. It is the planning process in which the exact amount to be invested or spent is decided and the business works accordingly. Budgeting is an important factor as it helps the business to run with sufficient resources to achieve the predetermined objectives.
- Financing- Businesses avail themselves different types of financing such as business loans, business lines of credit, business credit cards, etc. Business financing is a valuable tool that helps the business to expand.
- Bookkeeping- The process of periodic tracking of company’s financial activities (sales and expenditures) and submitting in the form of report is known as bookkeeping. It provides information such as profit, loss and balance sheet statements.
- Financial Planning- The main function of financial management is financial planning. With the help of financial management, the manager can determine the financial requirements of the company. It helps in the growth of company, organization or firm.
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Finance and business statistics are quite interrelated to each other. One is dependent on the. For business and its prosperity, finance is the most requirements. While starting up a business from an idea, many businessmen depend upon loans from banks and other financial institutions. Their arrangement to publicise the business and guarantee to repay the provided loans with proper interest rates are something that makes the banks provide such huge finances. Students studying in the field of finance have a rush of adrenaline in their body with ideas in their head to set up their own firms and become entrepreneurs.
How to find a perfect finance assignment help?
The students that we wrote about in the above paragraph always run for a better choice in Finance Assignment Help for their academic grades. Diversification of education system has evolved numerous service online and consultancies offline that provide homework help, assignment help and project help to confused students over a menial budget. The following 10 steps can be used to find a perfect finance assignment service help.
- Do research as much as you can because you do not know the service agency personally to trust them over their work and discreetness.
- Follow the words of your friends and relatives that have had such experiences and try to go by their recommendations.
- Try to find consultancies with a pool of proficient writers that are comfortable with their desired genre and an also take your advice.
- Conflict of interest between right and wrong must be removed from mind of student. It is just professional help.
- Before giving the requirements the time of delivery and budget must be ensured.
- The qualifications of the writer present must be authentic and thoroughly confirmed by the client.
- Ensure the plagiarism tool they are using for providing original content. Some of the best are turn tin and retools.
- The inexpensive ones are the ones who offer more discount. Make sure they are not hoax.
- Choose a service that can keep your identity discreet.
- Do not ask much of personal details like bank account number and social service number etc.
How to excel in business statistics?
Students, teachers and tutors, everyone follow resources to excel in the field of business statistics. The more number of problems are needed to be solved in order to justify the skills of problem solving. Despite of their thick hardbound characteristics they can really give the best Business Statistics Assignment Help to students. Some of the guides are:
- Essentials for statistics in business and economics by David Anderson in 1984.
- Basic business statistics by Global Edition in 1997.
- Statistics for business and economics in 1978.
- Statistics for dummies by Deborah Ramsey in 2003.
- R for business analytics by A Ocher in 2012.
- Statistical techniques in business and economics with connect plus by Douglas Lind in 1967.
- Introductory statistics for business and economics in 1972.
- Basic statistics for business economics in 1994.
- Super cruncher by Ian Ayers in 2007.
- Introduction to business statistics by Ronald M. Weirs in 1991.
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What is the Importance of Finance?
Finance is the requirement and generation of money for business purpose in a firm that can be national or multinational. Finance is directly related to the monetary value a company have in order to grow their business. Seeking Finance Assignment Help online reduces many complications, as there are many finance specialists in the outer world who can solve the problems related to finance with the correct approach. Along side, keeping the track of money, the management of finance department also takes care about the investment decisions and revenue generation. Micro and macroeconomics are called as the elementary root for finance in a growing business. Theoretical dilemmas come in finance genre. It can either be a problem of a new joined employee in the finance department who does not want to get embarrassed by his lack of experience or a student studying the finance studies. For any of the case there are many online and offline help present around to ensure the smooth transfer of knowledge.
Why to Prefer an Expert in Finance Assignment Help?
College assignments can be complex and hence can lead to many limitations in a student’s academic growth. The substantial element of completing an assignment is the proper channelling of the content throughout the assignment. The lack of linguistic understanding is one demerit that many students possess. In that case, it is not bad to take an external help from a professional who can divert your wrongdoings into correct measures.
The major elements that many professional finance assignment help online websites provide these days are:
- A pool of prolific content writers specified in the particular field of studies.
- A budget that can be afforded by the student community.
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- A portal where all the queries regarding the processing of the content is evaluated to the student. This can be a 24X7 online portal for queries.
- An original content with a plagiarism software check status to ensure the genuineness of the content.
- Maximum effort to deliver the content to the customer on time.
- Multi linguistic approaches in order to define the problems for non-English write ups.
- Extra ideas for choosing assignment topics if the student comes with an empty mind without any ideas for an assignment.
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Students are today opting online assignment help service and pursuing best grades in their assessments. There are various online services which are available to help students in their assignments and projects. Finance is a subject who helps managers to get analyzes the condition of their company or organizations. Today Finance Assignment Help Online is the first choice for students. They are taking online help secure their marks in assessments. These online services have hired a number of experienced experts who are extra-talented in their field of writing assignments. These experts and writers are very talented and extraordinary in their work.
Finance helps a company to manage the financial records of an organization. These assignment help companies provide the best service to their student customers. They also help students to clear their doubt related to any concept or theory of their subject. Finance is actually a mathematical subject in which there are various complex concepts are encompasses. Finance provides information related to income and expenses of the company. Finance encompasses with different subjects they are the management of finance, concepts of finance, marketing finance and many more. These online Finance Management Assignment experts provide full information on a different field of finance management. This assignment help service is very regular in their field.
There are some main branches of finances which divide finance into two parts and help students to understand the subject in a more beautiful way. The main reason for scoring low grades in any subject is their lack of interest in the particular subject. But the online experts provide full information on each and every topic which is related to their project and assignments. Finance management one of the courses which have contributed to this era’s development. There are various reason that students are opting business as their main subject.
Because they want to be self-dependent and grow more interest in the field of business management. Students are getting more and more service related to the online area. But choosing the best company for their service is the right decision. There are many students who are weak in their subject and as time goes they take up their interest from the subject, exact this time the online experts support students and provide them full support related to their subject.
Finance and finance management both are interrelated and intercrops each other. Finance is also called as the language of business management. Because without, finance no one can run their organizations or business. And finance management is related to terms and conditions which are used to manage finance and take the best look at its running. The online experts provide full information on all these topics and concepts. They are even ready to help students in the middle of their project. They are 24*7 hours available to help students in their problems. Hence taking online help is regarded as best help for students.
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