week that will help you make informed financial decisions about your future and eventual retirement.
Personal financial management and financial planning can be daunting. It helps to learn more about the tools people can use to plan their savings and budget for the future. One of the things I learned this week that will help me make informed financial decisions is how to be a responsible borrower. For one, I never considered credit cards as being a form of lending. Essentially, people who forget that credit cards entail borrowing money from a bank can get into a lot of trouble with debt accumulation. Next, taking out loans can be… Continue Reading...
with departmental divisions. The senior executive in an eldercare organization may also work with financial planning and accounting teams to make strategic planning decisions and decisions linked to allocation of resources, methods of managing or cutting costs, and effective human resources policies. Ultimately, the senior management team aim to “foster an environment that can provide necessary and quality health care at maximum profit,” (Locsin, n.d., p. 1).
All executive decisions made in the eldercare facility need to reflect the organization’s core vision, values, and mission. Therefore, the senior manager needs to make sure that all department leaders are on track, and that patient or… Continue Reading...
which allows the consumer to invest work earnings; and other investment services, such as advice on planning a portfolio, financial planning, retirement plans and cash management solutions, which are managed… Continue Reading...
concerned with the procurement, custody, and expenditure of finances. The responsibilities comprise of financial planning, capital budgeting analysis, management of cash and marketable securities in addition to credit analysis. Imperatively, a financial manager fundamentally deals with the cash flows of a corporation. The financial manager is of great importance to a firm owing to the fact that cash flows are a determining factor of the feasibility of particular investment and financing decisions. Furthermore, a financial manager has great competence regarding the impact of monetary policies on the accessibility of credit and also cost of funds. Therefore, this is beneficial in guaranteeing that the… Continue Reading...
specialization, considerations could focus on financial planning and strategy or on other factors such as diversity management and human resources. To be “vital to an organization,” as they should be, consultants listen to multiple stakeholders and apply creative and critical thinking to advising and teaching (Phillips, Trotter & Phillips, 2015, p. 1). Deciding on a course of action or strategy will also involve adopting commutations strategies that suit the situation.
References
Phillips, J.J., Trotter, W.D. & Phillips, P.P. (2015). The role and importance of internal and external consulting. In Phillips, Trotter & Phillips (Eds.) Maximizing… Continue Reading...
