Finance refers
to all aspects of money acquisition and management so organized
as to contribute to short- and long-term profit by assuring that
it and other aspects of operations (marketing, administration
and people) are efficient, effective and economical. Classically,
finance includes:
1.Tracking
and reporting of earnings (sales and other revenue), financing
(acquiring capital and other resources) , investing (maximizing
financial resources), and administration (bookkeeping, accounting
and the preparation of statements so management can act and react
is a timely fashion).
2. Tax preparation and administration of other government requirements. |
3. Advising
on compensation, benefits and bonuses to keep employee turnover
to a reasonable level.
4. Negotiating wiih suppliers, financiers and owners in the companys
interest.
5. Keeping current with the companys economic and market
environments.
Business
Buffet features five programs to help you understand quickly and easily:
How to read Financial Statements, Bookkeeping,
Cash Flow Forecast, Financial Forecast, and
Financial Analysis. |