RSM100Y1 Study Guide - Issued Shares, Preferred Stock
Document Summary
Responsibilities cash flow management financial control financial planning. savings on interest payments can be substantial. Financial control: process of checking actual performance against plans to ensure that the desired financial status is achieved: make appropriate financial adjustments if necessary. compare actual to budget numbers: discrepancies indicate need for financial adjustments so that resources are used to best adv www. notesolution. com. : description of how business will reach some financial position it seeks for the future; includes projections for sources and uses of funds: cornerstone of effective financial management. where to get funds both for short- and long- term needs: must develop clear picture of why a firm needs funds, managers must also asses relative costs and benefits of potential funding sources. Must pay attention to accounts payable accounts receivable inventories. : unpaid bills owed to suppliers plus wages and taxes due within.
