Financial management

Financial management

The process of managing financial resources, including management decisions concerning accounting and financial reporting, forecasting, and budgeting.

Industry: Business administration

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Financial management

bookkeeping

Business administration; Financial management

The method of recording an organization’s financial transactions that allows a clear picture of its financial situation to be obtained at any time, such as by reference to its ‘books’. See also ...

management accounting

Business administration; Financial management

The preparation of accounting information for use by the managers of an organization in budgeting, decision-making, planning and formulating policy.

financial year

Business administration; Financial management

The twelve months chosen by an organization as its accounting period.

The use of budgets which start from a present base of zero and regard all future expenditure as being on new items rather than a continuation of existing ones. In practice, this means that a budget ...

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Business administration; Financial management

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seed capital

Business administration; Financial management

Capital funding research, evaluation and development of an initial idea, which may lead to the production of a new product.

royalty-paying concession

Business administration; Financial management

It is a grant, award, awarding, or license, also a preferential allowance or rate given by an organization associated with the right to use land or other property for a specified purpose.