2 Terms
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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.
zero-based budgeting (ZBB)
Business administration; Financial management
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 ...
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.
