Financial Management Tools

2021 ◽  
pp. 123-130
Author(s):  
Marc Helmold
Keyword(s):  
Financial Management ◽  
Management Tools

scholarly journals Conceptual Model of Enterprise Financial Management System with the Application of Modern Information Technologies

2021 ◽  
Vol 14 (4) ◽  
pp. 47-55
Author(s):  
Yu. P. Kishkovich
Keyword(s):  
Conceptual Model ◽  
Financial Management ◽  
Management System ◽  
Information Technologies ◽  
Technology Development ◽  
Management Tools ◽  
Finance Management ◽  
Management Regime ◽  
Modern Information ◽  
Financial Management System

In modern conditions of information technology development, the business management regime has changed. The sphere of management has expanded from internal to external. The innovation model of corporate Finance management must also adapt to this change. In an era of the global implementation of information systems and management tools, the innovation of the corporate financial management regime is not only in the rational planning and use of the company’s own resources but also in the inclusion of various categories of social resources necessary for the company’s operations in the category of corporate financial management and delivery to the enterprise. The purpose of the article is to consider the conceptual model of the financial management system of enterprises using modern information technologies. In the study, the author used a systematic approach to the enterprise’s financial management and methods of economic and deterministic factor analysis, synthesis, and grouping as well.

Dairy farm financial performance: firm, year, and size effects

2016 ◽  
Vol 76 (4) ◽  
pp. 532-543 ◽  
Author(s):  
Christopher A. Wolf ◽  
Mark W. Stephenson ◽  
Wayne A. Knoblauch ◽  
Andrew M. Novakovic
Keyword(s):  
Credit Risk ◽  
Financial Performance ◽  
Financial Management ◽  
Financial Risk ◽  
Dairy Farm ◽  
Herd Size ◽  
Financial Ratios ◽  
Management Tools ◽  
Content Type ◽  
Over Time

Purpose The purpose of this paper is to evaluate dairy farm financial performance over time utilizing farm financial ratios from three university business analysis programs. The evaluation includes measures of profitability, solvency, and liquidity by herd size. Design/methodology/approach Financial ratios to reflect profitability (rate of return on assets), solvency (debt to asset ratio), and liquidity (current ratio) were collected from Cornell University, Michigan State University, and the University of Wisconsin for dairy farms from 2000 to 2012. The distribution of farm financial performance using these ratios was examined over time and by herd size. Variance component methods are used to examine the percent of variation due to individual firm and industry aspects. A simple credit risk score is calculated to examine relative farm risk. Findings Dairy farm profitability performance is similar across herd sizes in poor years but larger herds realized significantly more profitability in good years. Findings were similar with respect to liquidity. Large herds consistently carried relatively more debt. Large herds’ financial performance was more uniform than across smaller herds. Larger herds had more financial risk as measured by credit risk scoring but recovered quickly to industry averages in profitable years. Originality/value The variation of dairy farm financial performance in an era of volatile milk and feed price is assessed. The results have important implications for farm financial management and benchmarking farm financial performance. In addition to helping to evaluate the efficacy of various price and income risk management tools, these results have important implications for understanding the benefits of the new federal Margin Protection Program for Dairy that is available to all US dairy farmers.

Management towards financial sustainability for private health companies

2018 ◽  
Vol 41 (3) ◽  
pp. 379-394 ◽  
Author(s):  
Lucas Manoel Marques Clemente ◽  
Alexandre Pereira Salgado Junior ◽  
Eduardo Falsarella Júnior ◽  
Marco Antonio Alves de Souza Junior ◽  
Juliana Chiaretti Novi ◽  
...  
Keyword(s):  
Health Insurance ◽  
Financial Management ◽  
Management Practices ◽  
Qualitative Comparative Analysis ◽  
High Volume ◽  
Long Term Results ◽  
Financial Sustainability ◽  
Management Tools ◽  
Content Type ◽  
High Level

Purpose The purpose of this study was to identify a set of management practices towards financial sustainability for Brazilian private health insurance and plans companies. Design/methodology/approach The present paper uses a bimodal two-step approach. The first step was quantitative, with the data envelopment analysis (DEA) technique in 521 Brazilian private health companies (PHCs). At this stage, the objective was to obtain scores to rank the PHCs regarding their financial performance and services in 2013. From the quantitative analysis, two PHCs displaying contrasting performances were selected and interviewed to identify differentiating management practices. Findings The Group Medicine PHCs displayed a higher performance in the financial approach. Following the qualitative comparative analysis, the financially sustainable PHC presented the following differentials: a high level of financial management professionalization, a deliberate policy for the control and prevention of claims and a larger share of revenues from health plans over service revenues. Research limitations/implications However, a limitation of the study lies in the fact that by not using any cash flow or financial result variables, the financial efficiency model used in the study does not evaluate the generation capacity of long-term results. It is noteworthy that, because it is a multiple case study, the results found cannot be generalized and should be understood only as characteristics of the studied PHCs in here. Practical implications The present paper can contribute to managers of Brazilian PCHs towards the implementation of management tools aimed at the sustainability of those organizations. Originality/value Despite the importance of the Supplemental Health Insurance System for public health in Brazil, PHCs have received a high volume of complaints and struggled with constant financial problems.

FORMATION OF THE EFFECTIVE FINANCIAL MANAGEMENT SYSTEM: THEORETICAL AND PRACTICAL ASPECT

2017 ◽  
Author(s):  
Liliіa Kustrich ◽  
Keyword(s):  
Factor Analysis ◽  
Financial Management ◽  
Management System ◽  
Management Tools ◽  
Essential Point ◽  
Strategic Development ◽  
Effective System ◽  
Strategic Goals ◽  
Financial Management System ◽  
Equity Management

The article investigates the tools and methods of forming an effective financial management system. It is stated that one of the forms of strategic development of the enterprise is the effective management of its financial component. It is specified that the construction of an effective financial management system provides the company with the opportunity to maintain a competitive position in the market and further economic development. It has been found that to build an effective financial management system essential point is the use of equity management tools. It is determined that one of the tools for building an effective system of financial management is factor analysis, which allows to assess the compliance of the processes of raising and using equity of the enterprise to the strategic goals of the enterprise. It has been pointed out that in the process of factor analysis the technique of multidimensionality of indicators of the studied object is used. The article investigates the tools and methods of forming an effective financial management system. It is stated that one of the forms of strategic development of the enterprise is the effective management of its financial component. It is specified that the construction of an effective financial management system provides the company with the opportunity to maintain a competitive position in the market and further economic development. It has been found that to build an effective financial management system essential point is the use of equity management tools. It is determined that one of the tools for building an effective system of financial management is factor analysis, which allows to assess the compliance of the processes of raising and using equity of the enterprise to the strategic goals of the enterprise. It has been pointed out that in the process of factor analysis the technique of multidimensionality of indicators of the studied object is used.

Risk Management Practices in Indian Microfinance Sector

2018 ◽  
pp. 1-29
Author(s):  
Ashish Kumar Sana ◽  
Bappaditya Biswas
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Financial Stability ◽  
Management Practices ◽  
West Bengal ◽  
Microfinance Institutions ◽  
Management Tools ◽  
Operational Risks ◽  
Tools And Techniques ◽  
Structured Questionnaire

Microfinance institutions (MFIs) are exposed to a great number of risks such as institutional risks, operational risks, financial management risks, and external risks that threaten effective services to clients, financial stability, and future sustainability. In this background, the objectives of the chapter are (1) to understand the concept risk and risk management of MFIs and (2) to examine the risk management practices of select MFIs in West Bengal. Based on the objectives, a structured questionnaire has been prepared to examine risk management practices of MFIs and problems associated with implementing risk management tools and techniques. The study found that most of the MFIs have not adopted risk management tools and techniques so far in their institutions to minimize risks. The study also found that the small MFIs are lacking qualified and professional persons in management and hence facing more strategic and governance risks.

scholarly journals Financial Management Tools in Corporate Agency Conflicts

2021 ◽  
pp. 129-135
Author(s):  
N. Riazanova ◽  
Keyword(s):  
Agency Theory ◽  
Financial Management ◽  
Agency Problem ◽  
Equity Capital ◽  
Agency Conflicts ◽  
Management Tools ◽  
Corporate Agency ◽  
Parent Organization ◽  
Internal Relations ◽  
Financial Consequences

The article provides the substantiation of the concept of agency theory from the position of financial management in the direction of the agency problem that exists between agents and owners in view of diverse interests, dispersion of equity capital in corporate structures. The influence of internal agency conflicts on the financial results of the company's activity, their relation to the implementation of financial management tools is considered. Consequently, there is a need to systematize agency relations into horizontal and vertical, which together form a system of external and internal relations, and also complement the classification of agency contradictions in the direction of collisions of interests between the head office and branches, functional divisions of the corporation, the parent organization and subsidiaries. An increase in the role of financial levers and indicators based on the distribution of net, operating, reinvested profits in solving the agency problem allows not only to reveal the specific characteristics of the contradictions between the management and the owners of the corporation on the distribution of financial resources, to structure intracorporate interactions, to determine the nature of the negative financial consequences for the owners of the corporation, but and set the direction for the development of financial management tools to eliminate them. The theoretical aspects of corporate agency relations and related conflicts are supplemented, from the angle of the agency problem of managers and shareholders, the expansion of the subject perspective of the study of the problematic of tools in solving corporate agency conflicts. The development of theoretical ones is continued, it is presented in the essence of intra-corporate agency conflicts, financial management tools in their solution, substantiation and development of methods in the development of the concept of agency theory.

scholarly journals ANÁLISE CRÍTICA DO NÍVEL DE CONHECIMENTO E DA UTILIZAÇÃO DE CONTROLE E GESTÃO PELOS PROPRIETÁRIOS RURAIS

2019 ◽  
Vol 16 (1) ◽  
pp. 152
Author(s):  
Bárbara Dachery Patuzzi ◽  
Alexandre André Feil ◽  
Angela Maria Haberkamp ◽  
Adriano José Azeredo
Keyword(s):  
Financial Management ◽  
Historical Analysis ◽  
Financial Control ◽  
Management Tools ◽  
Technical Procedure ◽  
Level Of Knowledge ◽  
Socioeconomic Profile ◽  
Control And Management ◽  
And Control ◽  
High Degree

A administração de atividades rurais demanda conhecimento por parte dos produtores quanto à utilização de ferramentas que venham a qualificar a gestão e controle financeiro. Nesse sentido, este estudo objetiva analisar o nível de conhecimento e a utilização das ferramentas contábeis no processo de gestão das propriedades rurais de dois municípios do Vale do Taquari – RS. A metodologia aplicada quanto à abordagem do problema é quantitativa, o procedimento técnico é survey por meio de questionário, a amostra não é probabilística e a coleta de dados ocorreu pela aplicação de 139 questionários. Os resultados revelam, em relação ao perfil sócio econômico, que há um baixo nível de jovens e de escolaridade e um elevado grau de aposentados nas propriedades rurais. Já em relação à análise do nível de conhecimento e da utilização de ferramentas gerenciais nas propriedades rurais, a gestão é realizada pelo proprietário e família; possui um conhecimento parcial e total sobre meios de gestão e controle; separa os gastos do negócio dos particulares; tem noção do lucro, mas reinveste o mesmo quase por completo; a participação em treinamentos é em torno de 40%; entendem que o controle financeiro é parcialmente satisfatório; e usariam a gestão contábil caso tivessem domínio da mesma. Conclui-se que o nível de conhecimento de ferramentas de controle e gestão, apesar de ser parcialmente satisfatório, não é utilizado na práxis, e um dos fatores que impede o processo, em especial, é a análise histórica cultural utilizada para controle e gestão.Palavras-chave: Ferramentas contábeis. Gestão e controle financeiro. Atividade rural.ABSTRACTThe administration of rural activities demands knowledge on the part of the producers regarding the use of tools that will qualify the management and financial control. In this sense, this study aims to analyze the level of knowledge and the use of accounting tools in the management process of the rural properties of two municipalities of Vale do Taquari - RS. The methodology applied to approach the problem is quantitative, the technical procedure is a questionnaire survey, the sample is not probabilistic and the data collection performed by the application of 139 questionnaires. The results reveal in relation to the socioeconomic profile that there is a low level of youth and schooling and a high degree of retirees in rural properties. In relation to the analysis of the level of knowledge and the use of managerial tools in the rural properties the management is carried out by the owner and family; Has a partial and total knowledge of the means of management and control; Separates business expenses from private individuals; Has notion of profit, but reinvests the same almost completely; Participation in training is around 40%; They understand that financial control is partially satisfactory; And would use the accounting management if they had control of it. It concluded that the level of knowledge of control and management tools, although partially satisfactory, is not used in praxis and one of the factors hindering the process, in particular, is the cultural historical analysis used for control and management.Keywords: Accounting tools. Financial management and control. Rural activity.

scholarly journals STRATEGIC AREAS OF ENSURING FINANCIALLY SUSTAINABLE DEVELOPMENT OF ENTERPRISES IN UKRAINE

2021 ◽  
Vol 06 (04(01)) ◽  
pp. 47-53
Author(s):  
Karolina Psonka Karolina Psonka ◽  
Maksym Zhytar Maksym Zhytar ◽  
Alla Navolokina Alla Navolokina
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Financial Management ◽  
Financial Stability ◽  
Management Policy ◽  
Financial Policy ◽  
Management Tools ◽  
Current Asset ◽  
High Level ◽  
Policy Optimization

The article examines strategic areas of ensuring financially sustainable development of enterprises in Ukraine. It proves that the main problem of financial stability of Ukrainian enterprises is the high level of accounts receivable. It presents challenges of ensuring financial stability of local enterprises and offers strategic tools for ensuring financial stability of enterprises. One proves that strategic management of financial stability should take into account not only financial management goals and a type of financial policy but also a kind of financial stability common to the enterprise as of today. Areas of ensuring financial stability using strategic financial management tools include the selection of the target structure of current asset financing, the establishment of principles of cost management policy optimization (relevancy, minimization, planning), which allows specifying measures for gaining targeted financial stability of enterprises. Keywords: strategic areas, enterprises, financial stability, strategic management, financial policy, financial management.

scholarly journals FEATURES OF FINANCE MANAGEMENT OF CRISIS COMPANIES

2021 ◽  
Vol 9 (1) ◽  
pp. 126-130
Author(s):  
Ol'ga Bank
Keyword(s):  
Financial Management ◽  
Financial Crises ◽  
Financial Assets ◽  
Negative Consequences ◽  
Timely Manner ◽  
Current Crisis ◽  
Management Tools ◽  
Finance Management ◽  
Business Entities

The current crisis makes the issue of selection, implementation and implementation of such managerial variations and methods that will contribute to the recovery of the company as urgent as possible. In modern practice, one of the most common solutions is the optimization of financial assets. Financial management of companies in crisis involves the use of special management tools aimed at preventing and eliminating financial crises, in addition, at minimizing negative consequences in terms of finance. It is believed that in order to be fully prepared for any kind of crisis manifestations and mitigate their consequences, business entities need to be prepared and equipped with special preventive (pre-crisis) methods in a timely manner, before the crisis.

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