Finance Focus 360

  Introduction to Managerial Accounting Managerial accounting is that part of the accounting discipline that offers financial information which is considered to be necessary to aid in the decision-making process of an organization, with the support of a manager or decision-maker managerial accounting can be termed as internal, whereas financial accounting prepares data for the benefit of external stakeholders like shareholders and regulators managerial accounting equips managers with the same data they need in order to make an informed or prudent decisions, set targets, and track their performance successfully. What Is Managerial Accounting? Managerial accounting, also known as management accounting, is the process of identification, measurement, analysis, and communication of financial information to managers for planning, decision-making, and control functions that steer the business toward strategic objectives unlike its cousin, financial accounting, managerial accounting ...

  Management Fields of Study Management studies cover a myriad of disciplines and specializations that aim to understand ways of improving the operations of an organization different fields of management are aligned with various organizational aspects such as finance, human resources operations and strategy among them, here are a few major fields of study: 1. Human Resource Management (HRM) HRM deals with people in an organization which can include recruitment training of employees motivating employees and evaluating performance. It majorly involves a productive workforce and a good working environment. Major issues in HRM are Recruitment and Selection: The process of identifying the appropriate people with the right skills to use in the organization Training and Development: The process of providing employees with skills and facilitating opportunities for their growth Employee Relations: Maintaining a healthy relationship between the workforce and management In many ...

  The Use of Fintech in Small Business Lending Fintech has transformed the finance industry, particularly when it comes to how small businesses borrow. Traditional banking mostly has a monopoly over lending, with detailed paperwork and taking too long sometimes to process fintech has made it possible, fast, and more accessible for small businesses to borrow money anywhere in the world. This piece catches all that fintech is doing in relation to small business lending, covering the successes, challenges, and overall implications on the business field at large. 1. Why Access to Convenient Lending Matters to Small Businesses Small businesses make up the main source of economic growth, but such businesses often face financial barriers as well. Generally speaking, conventional banks consider small business loans as high-risk and therefore put in place strict eligibility criteria to enjoy access for so many reasons, small businesses must have convenient access to loans: Scaling u...

  “Building Financial Resilience: Strategies for a Stronger Financial Future” The current and very dynamic environment makes it unavoidable to incorporate the term financial resilience, which means the ability to bear the shocks and recover from them, into any aspect of personal finance this paper seeks to examine the meaning of financial resilience, its relevance and ways to develop a strong economic base that is capable of prevailing over economic storms. 1 Defining Financial Resilience Financial resilience allows withstanding finance stress without any significant long-term detriments. Whether it is a loss of job, an unexpected medical bill, or economic downturn, financial resilience has enabled one to bounce back into his normal life pattern without feeling too dramatic a change. It is built on more than just saving; it is balanced debt management, income, and investments. 2. Why Financial Resilience Matters The most recent global economic shift had clearly proven tha...

  The Study of Finance: A Major Area of Interest Finance is a wide-ranging and important area of study that accompanying the management of money, investments, and assets as well as liabilities as a field of research, it has several components including personal finance, corporate finance, public finance, and financial markets. Put more simply, finance is concerned with the way people, firms, and countries spend money for several periods in spite of the existence of risk and uncertainty. 1. Important topics in Finance The area of finance consists of three divisions: 1. Personal Finance: It is aimed at providing assistance in the management of individual resources personal finance comprises the concepts of budgeting, savings, investments, and planning for one’s retirement it also entails lending money, controlling how much is owed to creditors, and tax comprehension. 2. Corporate Finance : Corporate finance is concerned with the financial practice of enterprises the overar...

  Among the most prestigious designations in finance today, the Chartered Financial Analyst CFA is a high-end designation that speaks to mastery in investment analysis portfolio management, and financial ethics let's dive right in and look at what this is what it takes to earn it and why it is of so much value. 1. What does CFA stand for? CFA final is Issued by the CFA Institute which is an international organization for investment professionals and was formed to create and maintain standards of investment knowledge and ethics. Currently, any person who has studied for this program and passed the necessary exams holds a CFA title and Gregory V. embraces many positions such as a portfolio manager, research analyst, financial advisor, and risk manager among others the focus of this program is on investment management in general and financial analysis in particular including the areas of ethical practices, economics, and portfolio management among many others. 2. Path to Becomin...