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A Report Financial System

In: Business and Management

Submitted By salmarumi
Words 1489
Pages 6
Introduction
Corporate financial systems represent the business analysis phase of a company. Large companies -- particularly publicly held companies -- use a financial system to help assess financial performance. In some cases, the corporate financial system is a bridge between accounting and management. Rather than focusing solely on the preparation of financial information, financial systems look to gauge performance and make forecasts.
Many different financial activities fall under the corporate financial system. Budgets, sales forecasts, profitability measurements, cash flow management, financing decisions and capital structure are just a few of the most common. The department's core purpose is to measure how well the company generates cash and what financing options will result in the best opportunities for growing the business. Individual analysts often make suggestions to management on the best investment opportunities for the company.

The corporate financial system often operates under the responsibility accounting theory. This dictates that a business should place individuals in charge of activities under their direct control. For example, one manager may be responsible for budgeting and cash-flow forecasting. Another manager is over capital structure and another over business valuation. This segregation allows each manager to focus on increasing the value added from their section of the department. The aggregate value added is the result of all managers working together.

Economy of Bangladesh is in the group of world’s most undeveloped economics. Bangladesh is facing challenges from different angles though its prospect is bright in the future. Money and Banking is the center around which all-economic science clusters. Financial statements are prepared on the basis of facts in the form of cost data recorded in accounting books. The original cost or

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