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F MGT - HR MGT
The nature of each departments work has also been a source potential conflict
between the two. In the past, HR departments have found it difficult to
measure their programs return on investment, and therefore found themselves
struggling to communicate effectively with the CFO. Finance managers tasked
with improving the bottom line have traditionally viewed HR as the defenders
of the workforce, blocking personnel decisions that could potentially lead to
lawsuits or poor morale, even though those decisions may be good for that
business.
In the past, CFOs and members of the finance team didnt generate many fans
among the workforce. They made the tough decisions that often had a negative
impact on employee morale. However, through developing a closer
relationship with HR, the best CFOs have learned:
In the past, HR departments have been viewed as a cost center whose function
is to provide support and compliance. However, the best performing
companies have begun to include their HR managers in strategic planning
efforts. The best HR teams have used this seat at the table to forge solid
relationships with the finance department, and from those relationships they
have learned:
Successful cooperation and collaboration between CFOs and CHROs has been
achieved when members of both teams took the time to learn from and
understand each other. Finance leaders learned valuable lessons about the
human side of business, and HR leaders have learned how their work and
decisions impact the goals and the success of the organization. Together, solid
finance and HR teams have developed strong partnerships that have driven the
most successful businesses.
Marketing departments main duty is to sell maximum goods and satisfy the
consumers. Its products input cost will decrease if all products are sold by
marketers of company. For developing the product, promotion activities and
distribution activities of marketing department need some money for paying
salesmen, advertising budget and other promotional expenses. For this
marketing department makes his marketing budget and it is cleared by finance
department, but sometime finance department will not all specific marketing
expenses but marketing department need that type of expenses for promotion
of sales. This will create confliction. Good relations will be helpful for both
departments. If both department does meeting and show behavior like good
relative, the problem can easily
solve. Both departments should think that both are the part of companys
organization and co-ordination between them is must. Sometime, marketing
department obtains big order for supplying the goods, at that time finance
department should help marketing department for arrangement of money for
buying raw material and supplying fastly without any delay.
Social Media
The information technology that runs social media on the Internet provides
financial institutions with valuable information on their customers. By
encouraging online communities associated with their products, finance
companies not only acquire information but also encourage brand loyalty. For
example, websites such as Trade King allow online stock traders to discuss
their picks and advise newcomers. Socially driven information technology
allows finance companies to contact the younger demographics that will be
their future customers.
The money needed for various purposes for business startup. This
includes:
The beginning quantities of supplies, equipment, and furniture.
Purchase of building or land.
Costs of deposits for rent other start-up costs. If your business is
considering expansion, the "uses" part of the statement would show the
build-out or improvements you will need, and additional capital assets
you will need to buy.
During the year, partners may take some of their money out of the partnership
(assuming there is money available for them to take!), according to the terms
of the partnership agreement. Each partner can take a draw (drawing money
from his or her partnership account.
When a business makes money, the money goes to the owners, in the form of
net income.
In the case of a partnership, the net income is divided between the partners
each year, based on their agreed-upon percentage of ownership, as set out in
the partnership agreement.
The partnership agreement should spell out each partner's distributive share
of the profits or losses. After the end of the tax year, the partnership files an
information return on Form 1065, showing the total net income or loss. Then
each partner receives a Schedule K-1 showing his or her distributive share of
this income or loss. The partner files the Schedule K-1 with the personal tax
return.
There are many ways to categorize a company's financial risks. One possible
perspective is provided by separating financial risk into four broad categories:
market risk, credit risk, liquidity risk and operational risk.
Market Risk
This example also relates to another element of market risk the risk of being
out maneuverer by competitors. In an increasingly competitive global
marketplace, often with narrowing profit margins, the most financially
successful companies are most successful in offering a unique value
proposition that makes them stand out from the crowd and gives them a solid
marketplace identity.
Credit Risk
Credit risk is the risk businesses incur by extending credit to customers. It can
also refer to the company's own credit risk with suppliers. A business takes a
financial risk when it provides financing of purchases to its customers, due to
the possibility that a customer may default on payment.
A company must handle its own credit obligations by ensuring that it always
has sufficient cash flow to pay its accounts payable bills in a timely fashion.
Otherwise, suppliers may either stop extending credit to the company, or even
stop doing business with the company altogether.
Liquidity Risk
Liquidity risk includes asset liquidity and operational funding liquidity risk.
Asset liquidity refers to the relative ease with which a company can convert its
assets into cash should there be a sudden, substantial need for additional cash
flow. Operational funding liquidity is a reference to daily cash flow.
Operational Risk
Operational risks refer to the various risks that can arise from a company's
ordinary business activities. The operational risk category includes lawsuits,
fraud risk, personnel problems and business model risk, which is the risk that a
company's models of marketing and growth plans may prove to be inaccurate
or inadequate.
Read more: What are the major categories of financial risk for a company? |
Investopedia http://www.investopedia.com/ask/answers/062415/what-are-
major-categories-financial-risk-company.asp#ixzz4thIxKfzR
Bonds: "Bond" is a more umbrella term for any type of debt investment. When
you buy a bond, you loan money to an entity (a corporation or the government,
for example) and they pay you back over a set period of time with a fixed
interest rate. Another big chunk of your portfolio will probably be made up of
bonds.
Real Estate: According to Investopedia, any real estate you buy and then rent
out or resell is an ownership investment (though it can sometimes be classified
as an alternative investment). By their terms, the homes you own fulfils a
basic need, so it doesn't fall under this cite.