Financial management
Financial management (hereinafter, the Management) is a combination of enterprise efforts undertaken in order to procure and utilize monetary resources. Financial Management is the course that introduces its learners to the management concepts.
Applications
Earning vs spending
- Based on the first chapter of Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition), what takes more concern of financial managers: earn money or spend money?
- For a financial manager, the most important thing is to think about how to bring more benefits to the company, to think about how to get the most return with the least effort. How to make money is a skill that anyone who is good at finance should learn. However, as a financial manager, he should be more concerned about how to spend money and get high returns with low cost.
- "I think spend money take more concern. Most significant decisions are evaluated in terms of their financial consequences, but astute managers recognize that they also need to take into account how these decisions affect society at large. While these arguments will no doubt continue, there is a broader consensus that emphasizes that maximizing shareholder value doesn’t mean that corporate managers should ignore other societal interests. Indeed, our discussion in this chapter is meant to illustrate that companies striving to increase shareholder value have to be ever mindful of these broader interests."
- Financial managers take more concern of spending money。It‘s because they should ensure that they can use minimize coat to create maximize value.They also ensure that the firm is financed in the proper manner and the operating units performed in an optimal manner and to evaluate all proposed capital expenditures to make sure they will increase the firm’s value.
- Financial managers are responsible for cash management, capital expenditure and financial planning. They have to combine corporate strategy with the goal of maximizing profits to support the company's ability to survive. So they should pay more attention on spending money. "
- I think that financial managers should take more concern to spend money. Because their main goal financial goal is creating value for investors and maximizing the value of the stock. In order to do so, they should concen that how to spend money on developing products that consumers want, produce the products efficiently, sell them at competitive prices, and observe laws relating to corporate behavior"
- spending money because they uasually need to make hard decision on the enterprise ’ s financial problem. They have to analyze and see whether the company will lose money from the project
- I think financial managers are more concerned about spending money.
- I think the more concern of financial managers are spend money. They make the plan about how to spend money, like invest, punches or other things
- "earn money. CFO’s primary task is to make sure the accounting system provides good number s for internal decision making and for investors, to ensure the firm is financed, to make sure the operating unit are performing in good manner , to make sure all proposed capital expenditures will increase the firm value "
- It is very important for the cfo to keep the balance of income and expenditure. financing can help the company to get the first pot of money, the first pot of money earned through financing can help the company to build a good financial income, and higher financing can be obtained through good qualifications, so I think making money is as important as spending money.
- "Financial managers should pay more attention on both part. Grasp the budget management to improve the operating efficiency of the company master advanced cost management means, so as to improve the company's competitive advantage in production control. The function of the financial manager is no longer just to manage accounting, information integration, reflection and capital, but to get involved in the company's strategic decisions and overall operation and management."
- The CFO’s task is to ensure that the firm is financed in the proper manner.And then ,they should evaluate the operating units to make sure they are performing in an optimal manner. Finally,They should evaluate all proposed capital expenditures to make sure they will increase the firm’s value. In my opinion, the CFO should take more concern to preserve property and raise the company's stock price.
- The primary tasks of the CFO are to make sure the accounting system provides “good” numbers for internal decision making and for investors, to ensure that the firm is financed in the proper manner, to evaluate the operating units to make sure they are performing in an optimal manner and to evaluate all proposed capital expenditures to make sure they will increase the firm’s value. In conclusion, earning money take more concerns for chief financial managers.
- For a financial manager, the first and most important thing is to maximize the interests of his own enterprise in a reasonable way. Therefore, in my opinion, financial managers should spend more time on spending money. First of all, he is a financial manager, so the purpose is not for himself, but for the enterprise. Secondly, the purpose of the company to spend money is venture capital, that is to say, the purpose of the company to spend money is for the greater benefit later. If the company spends a lot of time on the money, it is to ignore the essentials and ignore the essentials. So I think, I think as a financial manager, spending money should take more time
- "For those managers, what ever earning money or spending that are both important stages of business. Earning money is the basis of the business. For getting more capital. Spending money is the improving strategy of the business future. Which is for getting more advantages ."
- spend money
- I think it's both. Because the main task of the financial management position is to record the financial output and income. But spending money is important to everyone, so they must keep track of every detail of every account. So care about spending more than earning
