Interfaces of financial management.

INTERFACE OF FINANCIAL

MANAGEMENT WITH OTHER

AREAS.

Presented by :

Poonam.R.Jamakhandi.

MBA 2nd sem.

Wednesday, April 15, 2015 1POONAM.R.J.

Interfaces of financial management.

Accounting Marketing.

Economics Statistics.


Finance and Accounting.

• The firm’s finance and accounting activities are

under the control of chief financial officer.

• In small firms finance function is carried by

controller(related to accounting).

• In large firms accountants are closely involved in

finance activities.


Contd..

• Accounting uses accrual concept.

• Finance uses cash system which is under

control of chief financial officer.

Wednesday, April 15, 2015

4POONAM.R.J.

Finance and Marketing.

• There are many decisions that are to be taken by

marketing manager.

• But in some cases he needs the help of financial

management people to know about the

profitability of the firm.


Contd..

• Financial manager helps in taking following

decisions .

1. Advertisement.

2. Pricing.

3. Inventory Management (FIFO, LIFO).


Finance and Economics.

• Financial managers must understand the

economic framework.

• They should alert about the consequences of

varying economic policies.

• They must use all economic policies for effective

business operation.


7POONAM.R.J.

Contd..

• The one of important policy used in finance is

marginal analysis.

• It is the financial decision when benefits are

added and cost exceeds.

• Other things include

1.LPG policy.

2.Demand of the product.

3.Supply of the product


8POONAM.R.J.

Finance and Statistics.

• Proper arrangement of data in form of tables.

• Comparative study of different companies.

• To know the past performance of companies.


THANK YOU.


Interfaces of financial management.

Education

Transcript of Interfaces of financial management.