Routine Finance Functions (2)

Finance ManagementThe Master’s (MSc) in Financial Management is designed for students from any background who are interested in moving into a career in finance. Students will develop empirical research skills necessary in accounting and finance research further building on their understanding of accounting and financial management theory enabling them to critically evaluate current practice. It will focus on how organisations are funded, the measurement of and creation of economic value, internal financial controls and performance measurement. The second part of the module provides students with the opportunity to apply their knowledge of financial management in the context of financial strategy. The best way to stay on top of your finance is to drop them in the spreadsheet.

Typical content could include: Funding and rewards to the providers of finance Value creation and measurement (including capital budgeting, asset and company valuation. Internal financial controls (treasury management and working capital control, performance appraisal, risk measurement and analysis) Financial strategy and value creation. The programme will provide you with the knowledge and skills you will need for a career in the financial service industry or financial consultancy.

The best way of course is to find on-campus jobs and most colleges have them in abundance. Library staff, software IT support, lab attendants, office manager are always in demand because most of these job roles are filled by students and things change every semester. I found three, yes three jobs on campus only because I was always in touch with my graduate advisor. Try out a couple of different ideas and see which hit it. And there is absolutely nothing wrong with working multiple jobs. After all, you never know when one of your gigs might help you land a full time permanent job.

Considering all these views, financial management may be defined as that part of management which is concerned mainly with raising funds in the most economic and suitable manner, using these funds as profitably as possible. Nature of financial management is concerned with its functions, its goals, trade-off with conflicting goals, its indispensability, its systems, its relation with other subsystems in the firm, its environment, its relationship with other disciplines, the procedural aspects and its equation with other divisions within the organisation. The change in the shareholders’ return caused by the change in the profit is called the financial leverage.Finance Management

In the former, the finance manager has to determine which capital expenditure projects have to be undertaken, the amount of funds to be committed and the ways in which the funds are to be allocated among different investment outlets. In the latter case, the finance manager is concerned with the investment of funds outside the business for merger with, or acquisition of, another firm. Once the financial manager is able to determine the best combination of debt and equity, he or she must raise the appropriate amount through the best available sources.

Finance Management