Finance Management

John Garside

Chapter 9 in Plan to Win, 1998, pp 255-275 from Palgrave Macmillan

Abstract: Abstract Financial management is the foundation of a good business. Companies must have robust financial control systems that ensure the commitments made to the managing director are delivered. The three most important elements are profit, cash and return on capital employed, and it is the responsibility of the finance director to exert financial controls to continually manage the business performance. Most finance departments are functionally orientated with similar divisions of labour to those found in other business activities. Therefore the finance team’s area of responsibility must be expanded from the traditional role of producing legal accounts into a service department providing accurate and timely management information supporting the total business process.

Keywords: Business Performance; Finance Management; Order Book; Balance Scorecard; Service Part (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37489-8_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230374898

DOI: 10.1057/9780230374898_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().