Strategic financial management is the series of processes by which the funds of a business are managed to ensure it reaches its core objectives. The term refers directly to the financial strategy of the company – how, when and where it uses its financial resources to achieve its ultimate goals. Managing business finances typically concerns minimizing expenses while maximizing income, in order to offer the best possible ROI to all stakeholders. Financial management in entrepreneurship and business begins with the establishment of the organization’s objectives. After which accountants determine how/if available financial resources can be used to make them happen. A strategy is formulated, budgets are carefully monitored, and progress/performance analysed on a regular basis.
This tutorial offers an outstanding introduction to the fundamentals of professional financial control in management. A variety of key topics are explored in-depth, including the establishment of company goals, managing risks in accordance with potential returns, the scope of financial management and dealing with conflicting objectives within the same firm. Discover how and why financial management can make or break any business..
After the completion of this course learners will be able to:
No prior knowledge is required to take this unit.
|Course Duration||10 Hours|