金融资源的管理 [2]
论文作者:www.51lunwen.org论文属性:短文 essay登出时间:2015-10-05编辑:chenyuting点击率:9517
论文字数:2079论文编号:org201510021610504911语种:英语 English地区:英国价格:免费论文
关键词:滥用资源track of financial resources
摘要:本文是一篇金融专业关于资源决策的课程作业,内容提出了存在于大多数公司中的财务问题及其解决方法,帮助公司管理者更好管理公司做出金融决策。
from more than one of these sources. This goes without saying that the more sources a firm has, the more complex its financial management process is, since they have different outcome expectations, time schedules and reporting requirements. This, however, has not deterred managers in their quest to fund their organizations from more than one source. This is because multiple sources provide the firm with a hedge against adverse effects of mistreatment by a single source or unavailability of funds from the source. Firms that have unique, high priority and large projects should seek ways of acquiring special finding sources so as aptly support these projects. These special sources are assured by obtaining a resource commitment from a principal funding partner which is a very dependable source for core and continuing project funding. Temporary or 'softer' sources allow experimentation and carrying out of non-core business activities hence they ensure the firm is not held back when major projects are being carried out. No single ideal ratio can be determined but rather each firm should determine its core to non-fundamental resource balance.
Secondly, critical decision making in financial management should be ensured in keeping track of financial resources. Management should effectively carry out the activities of planning, staffing, control and leadership after understanding the financial constraints the firm is currently facing. Therefore, it is incumbent upon them to design a viable system that ensures staff knows the amount of resources available for appropriation to prevent misuse of resources. A system to determine how much there was at the beginning of a trading period, how much has been spent so far, what the money was spent on and how much is left should be put in place to ensure that managers remain accountable to their funding partners. This can be resolved by installing an accounting system. Be it an automated or manual recording system, the system needs to produce accurate and timely results so that critical decisions can be made in good time. A number of software systems are available which are deemed as more efficient and cost-effective.
Thirdly, it is vital to predict organizational costs since available resources for each project are finite. The need and benefits accrued from any expenditure should not be undermined by the costs incurred. Therefore, budgeting is necessitated in the use of resources so as to ensure proper planning and management of resources. This tool is highly successful when combined with accounting methods so as determine expected costs and returns. No matter how well endowed an organization is, there are always constraints as to the amount of resources that can be committed to a specific activity. Budgeting comes in handy to determine the resources needed and how they will be appropriated. This also provides managers with a benchmark tool whereby during the span of the period, the number of achievements can be evaluated against expenditures, hence enabling managers to keep within assigned allocation limits so as to accomplish the set objectives successfully. Budgets can be subdivided by the planned activities or via a recognized accounting system. However, the two systems can be integrated. This integrated approach enables firms to draw a cost-benefit analysis while at the same time design different approaches that can be implemented to come up with a similar end-result. The
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