TOPIC 3 - FINANCE
Financial Management Strategies
• cash flow management
– cash flow statements
– distribution of payments, discounts for early payment, factoring
• working capital management
– control of current assets – cash, receivables, inventories
– control of current liabilities – payables, loans, overdrafts
– strategies – leasing, sale and lease back
• profitability management – cost controls – fixed and variable, cost centres, expense minimisation – revenue controls – marketing objectives
• global financial management – exchange rates – interest rates – methods of international payment – payment in advance, letter of credit, clean payment, bill of exchange – hedging – derivatives
– cash flow statements
– distribution of payments, discounts for early payment, factoring
• working capital management
– control of current assets – cash, receivables, inventories
– control of current liabilities – payables, loans, overdrafts
– strategies – leasing, sale and lease back
• profitability management – cost controls – fixed and variable, cost centres, expense minimisation – revenue controls – marketing objectives
• global financial management – exchange rates – interest rates – methods of international payment – payment in advance, letter of credit, clean payment, bill of exchange – hedging – derivatives
Cash flow management
READ:
Factoring is such an old fashioned word now, with invoice financing (as per the BlueVine website linked above) and other more descriptively accurate terms are more common now.
WATCH the videos below.
- Tips for improving cash flow (Queensland Government)
- 10 Steps to Cash Flow Heaven (The Guardian)
- What is invoice financing? (BlueVine)
Factoring is such an old fashioned word now, with invoice financing (as per the BlueVine website linked above) and other more descriptively accurate terms are more common now.
WATCH the videos below.
Working capital
Profitability management
Strategies to improve profit (Business Queensland)
Fixed and variable cost controls (morebusiness.com)
Cost centres (Accounting Tools)
Fixed and variable cost controls (morebusiness.com)
Cost centres (Accounting Tools)