Add description fFinancial Management
Komal Ananda kangane
Roll no.23
Literature Review:
Digital process automation and DOD financial management
Jonathan tahera, Moak et al (2022)Digital process Automation takes financial management departments within the DoD to the next level is the step in business process automation and fills the gaps in the road to meeting the digital imperative with a no-code/loa-code solution. Over the past decade along term process of digitization and datafication of the financial management mission area has been increasingly on the minds of executive leaders in defense agencies. Emerging technologies such as cloud computing, big data analytics and artificial intelligence have been slowly introduced into this environment in bite-sized pieces for those who had the appetite to merge finance and technology to bridge the gap.
Financial risk management by insurers and analysis of that process
Santomero, babble, David f. et al (1997) In the insurance sector, system evaluation was conducted covering a number of prominent life/health prominent and property-liability insurers in the abroad. The information obtained on the philosophy and practice of financial risk management comes primarily through intensive interviews of these insurance firms conducted by a team of researchers from the Wharton financial institutions center. Their information was then supplemented by five published surveys. This article outlines the result of their investigation. It reports the state of risk management techniques in the industry.
Joint financial management a perspective
Lasala jr, nocholas et al (2018) A word of caution if you plan to go this route be prepared for hard work. However like a wheel though great amounts of energy are required to get them going. Once in motion they generate their own kinetic energy with little input. This same concept applies to an organization which adheres to disciplined process. Once mastered the process begins to make its inherent flexibility known and allows financial managers to see options rather than barriers to mission accomplishments. flatness can apply to decision making and/or information sharing.
Money management: success is in the details
Mccarthy, Edward et al (1999) Portfolio management has become a most profitable business activity for many planners. In some firms asset management fees generate 80 to 90% of annual revenues. Advocates argue that it is a win-win scenario for clients and planners. Clients receive a reasonably priced service that frequently includes financial planning as part of the arrangement. Planners earn more predictable incomes ensuring the viability of their business and their ability to service clients for the long term. asset gathering is a more sophisticated route than a broker/dealer but it is still fundamentally a start-up.
Federal financial management: evolution, challenges and the role of the accounting profession
Bowsher, Charles a. et al (1987) The establishment of the corporation audits division marked a significant change in the relationship between the GAO and the public accounting profession. According to the institute committee on governmental accounting in its 1947 annual report: “prior to 1945, relations between the general accounting office and the certified public accountants of the united states, as represented by the institute were impaired by lack of mutual understanding and confidence.”
European financial management
Et al (2018) The main objective of European financial management is to provide a forum for the publication of research in the area of financial management and the theory of the firm placing primary emphasis on the highest quality of research to serve both executives and academics concerned with the financial management of corporations and financial institutions. The journal publishes significant new research in all areas of finance. Whilst European financial management is an outlet for high quality of academic research using state of the art applications authors are required to stress the practical and managerial implications of their work.
175th financial management support center hosted joint pacific paymaster challenge
Mendez Jocelyn et al (2020) the 175th FMSC recognizes the importance of conducting events such as the joint pacific paymaster challenge to help bridge DoD FM communities. JPPC helps foster and improve interoperability in terms and ensures paymasters continue to stay tactically and technical proficient by providing relevant and challenging training. After the 175th FMSC Director, colonel Michael mouritsen welcomed everyone to oahu.
Financial management indicators to aid decision making ( statistics)
Et al (2015) Asian countries have made great and rapid economic gains. As many Asian firms out performed their US counterparts some researchers began to speculate on whether the organizational structures of business groups specially the Korean family owned conglomerates called chaebols and the japanese conglomerates known as keiretsus were the causes of these economic gains.
Federal financial management control systems: an integrative framework
Hildreth, w. Bartley et al ( 1993) an accounting system is the total structure of methods and procedures used to record, classify, report, and interpret information on the financial affairs of an enterprise or any of its funds or organizational components. The federal governments complex responsibility is illustrated by the need to collect over one trillion dollars in revenue and procure over $200 billion in goods and services involving over 20 million transactions. What has emerged is a plan to achieve a government-wide integrated financial management system while permitting agencies to have some flexibility to meet unique accounting and control needs.
Financial risk management of the Russian economy during the COVID-19 Pandemic
kolchin sergey Glubokova , nadezda, khalilova et al (2023) the research objects are the tax and budgetary policies of the Russian federation. In this research financial risks are understood as a decrease in the balance of the state budget resulting from a reduction in revenues or an increase in expenditures. This research considers production in the main sectors of the economy as a key factor of financial risk during the COVID 19 Pandemic. the research aims to analyze the main directions of the budgetary and tax policy of the Russian federation that aimed at supporting the economy.
Conclusion
Financial management is strategic planning, organising, directing and controlling of financial undertakings in an organisation or an institute. It also includes applying management principles to the financial assets of an organisation, while also playing an important part in fiscal management. Finance can be broadly divided into 3 categories: 1.public finance 2.corporate finance 3.personal finance. In finance risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. In general, as investment risk rise, investors seek higher returns to compensate themselves for taking such risks. Every saving and investment product has different risks and returns.
References
BOWSHER, CHARLES A. (1987) Federal financial management: evolution, challenges and the role of the accounting profession journal of accountancy, business source elite
Hildreth, w. Bartley (1993) Federal financial management control systems: an integrative framework public budgeting and finance, business source elite
Jonathan tahera, Moak (2022) Digital process automation and DOD financial management, armed forces comptroller, business source elite
kolchin sergey Glubokova , nadezda, khalilova (2023) Financial risk management of the Russian economy during the COVID-19 Pandemic risks, , business source elite
Lasala jr, nocholas (2018) Joint financial management a perspective , business source elite
Mccarthy, Edward (1999) Money management: success is in the details journal of financial planning, business source elite
Mendez Jocelyn (2020) 175th financial management support center hosted joint pacific paymaster challenge,armed forces comptroller business source elite
Santomero, babble, David f. (1997) Financial risk management by insurers and analysis of that process, journal of risk and insurance, business source elite
(2018) European financial management , business source elite
(2015) financial management indicators to aid decision making ( statistics),journal of financial management& analysis, business source elite
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