Premium Essay

Senior Lecturer in Finance and Accounting

In: Business and Management

Submitted By mackkachanje
Words 4316
Pages 18
SFM400 Strategic Financial Management

M.G.W. Kachanje

Senior Lecturer in Finance and Accounting

Definition of 'Strategic Financial Management '

Managing an organization's financial resources so as to achieve its business objectives and maximize its value. Strategic financial management involves a defined sequence of steps that encompasses the full range of a company's finances, from setting out objectives and identifying resources, analyzing data and making financial decisions, to tracking the variance between actual and budgeted results and identifying the reasons for this variance. The term "strategic" means that this approach to financial management has a long-term horizon
At the most fundamental level, financial management is concerned with managing an organization's assets, liabilities, revenues, profitability and cash flow. Strategic financial management goes a step further in ensuring that the organization remains on track to attain its short-term and long-term goals, while maximizing value for its shareholders.

Strategic financial management also means that short-term goals may occasionally need to be sacrificed to meet longer-term objectives. A typical example is when a loss-making company trims its asset base through factory closures or headcount reduction in order to reduce operating expenses. While such actions have a detrimental effect on near-term results because of restructuring costs and other one-time items, it positions the company to achieve profitability in the longer term.

(c ) Short Term Financial Management and Strategy
Chapter 15: Short Term Financial Management

Learning Goals
Describe the scope of short-term financial management and the cash conversion cycle.

Explain the funding requirements of the cash conversion cycle and strategies for minimizing negotiated liabilities.

Understand inventory management:...

Similar Documents

Free Essay

Free Primary Education

...Chancellor (Administration & Finance) Tel: 056-30784/31375 P.O Box 190 Fax: 056-30784 Kakamega – 50100 E-mail: dvc-af@mmust.ac.ke Kenya Website: www.mmust.ac.ke VACANCIES In pursuit of its Mission to be a Centre of Excellence in Science and Technology responsive to development needs of society through engagement in dynamic knowledge creation and application, Masinde Muliro University of Science & Technology invites applications from suitably qualified candidates for the following vacant positions: ACADEMIC POSITIONS 1. CENTRE FOR DISASTER MANAGEMENT AND HUMANITARIAN ASSISTANCE a. DEPARTMENT OF PEACE AND CONFLICT STUDIES i) Associate Professor Grade XIV AC/01/01/14 2 posts ii) Senior Lecturer Grade XIII AC/02/01/14 3 posts iii) Lecturer Grade XI AC/03/01/14 7 Posts Area of specialization: Political Science; International Relations; Peace Studies; Philosophy; History; Development Studies; Religious Studies, and other relevant Social Sciences. b. DEPARTMENT OF EMERGENCY MANAGEMENT STUDIES i) Professor Grade XV AC/04/01/14 2 Posts ii) Associate Professor Grade XIV AC/05/01/14 2 Posts iii) Senior Lecturer Grade XIII AC/06/01/14 5 Posts iv) Lecturer Grade XII AC/07/01/14 3 Posts Area of specialization: Sociology, Philosophy, Anthropology, Disaster Management, Psychology and Counseling. c. DEPARTMENT OF DISASTER MANAGEMENT AND SUSTAINABLE DEVELOPMENT i) Professor Grade XV AC/08/01/14 1 Post ii) Associate Professor Grade XIV AC/09/01/14 1 Post iii) Senior Lecturer Grade XIII......

Words: 6472 - Pages: 26

Premium Essay

St. Francis College Case Study

...universities in the city. It boasts of a total of 26,000 enrollees at both the graduate and undergraduate levels. The College of Commerce was a major unit of the University. However, it has only 3000 student enrollees or so, compared to the College of Engineering, which accounted for more than a third of the University’s enrollment. The College of Commerce has 55 full time faculty and over 100 lecturers. The faculty members taught as many as 5 courses per semester while the lecturers taught three courses. The College of Commerce was distributed among the four major fields, namely: Banking and Finance, Accounting, Marketing and Business Management. In June of 1988, Mr. Santos assumed the position of Dean of the College of Commerce. Since the college experienced rapid growth in enrollment in the University during the past ten years, Dean Santos wanted to combine curricular improvements and administrative changes that would improve the College’s efficiency and effectiveness. Under the Dean are six Department heads. These department heads were senior faculty who were considered academically and professionally well-prepared in the department. These department heads have teaching quotas and at the same time, they also have administrative duties to fulfill such as training new recruits and providing recommendation...

Words: 2550 - Pages: 11

Free Essay

Supervisor List, Spring 2014

...B8A080302852 Nusrat Hossain HRM ACC 884080302854 Susmita Saha HRM MKT 2.58 Ms. Kanij Fatama Zaman, AssistantProfessorof Management 8BA100103385 TahminaAfroz HRM MIS 2.64 Ms. SerenaAktar, AssistantProfessorof Management BBAl 00250639. 01745383908 01946121992 u840432220 0171 083658 1 MKT HRM 3.51 Ms. Meharunnasa Eva, Senior Lecturer in Management HRM HRM HRM MIS MIS MIS 3.57 3.44 z.5Y Shohinee Billah B B A ' 1 0 0 2 6 1 1 9 7 Md. Shahariar lslam 88/.100261177 Farhana Rahman Ms. Mahbuba Sultana,Lecturer in Management 6 01731822301 01913882192 01964887997 01677072826 01734541665 0182589'1899 01620388639 BBAI 03363 001 Nusrat Jahan 8 9 10 11 t2 13 t4 15 t6 t7 18 19 20 2l 22 23 24 t5 Ms. TasneemTarannum, Lecturer in Management BBAl 03530 ArifaAkter 001 HRM MKT BBA0901 50523 Md. MukitHossain HRM MKT Ms. Nazma Akter, AssistantProfessorof Accounting BBAl 03556 SwaraiitDas 001 ACC MIS 88A090303316 Kazi Nazmul Hasan ACC HRM 8B4100103380 Kudrat-E-Khuda ACC MIS BBAl 03398 SohaoMia 001 ACC HRM 884100203577 Riply JohnCosta ACC FIN BBA't00'103555 l k b a l A h a m m e d ACC MKT Mr. Md. Masud Rana, Lecturer in Accounting lslam Shaikh 88A090303268 Muhammad ACC HRM BBA100'103557 FaisalHossain Shuvo ACC MIS BBAl001 03546 Asif Salman ACC ACC ACC ACC ACC ACC ACC ACC ACC MIS 2.OJ z.o 2.8 z.J6 ?n? 01912821723 01727655195 01676657481 3.43 3.53 z.Jo z.td 01752190325 01914621974 01717911548 01683631264 a1739977831......

Words: 1303 - Pages: 6

Free Essay

Acknowledgement

...thanks to our lecturer, Dr Nomalini who gave us this project as our assignment for ACW 482 Analysis and Development of Accounting Information System. By completing this project, we have learnt how to apply the knowledge that we studied in textbook into real life. We also did learn how to create a workable system for a hotel by using visual basic and Microsoft access. Moreover, we also appreciate the constant valuable guidance and advice given by our lecturer, especially when we face coding problem and error in debugging our system. Besides that, we also would like to express our greatest appreciation to the employees that work in hotel that accept our interview. They had provided us with useful and valuable information about the operation of hotel. Through the interview, we are able understand the workflows of each departments. We are able to complete our project based on the information obtained from the interview. Last but not least, we would like to thank to our friends who had give us opinion and suggestion about this project. For all group members who had contributing their time and effort in completing this project, we are very appreciating for the work that had been made by each other. To sum up, we express our gratitude and appreciation to all the people who had directly or indirectly helping us in completing this project. Abstract Develop a functioning system for a hotel is part of the course requirements for Bachelor Degree of Accounting in......

Words: 816 - Pages: 4

Free Essay

My Paper

...Accountancy and economic personal statement The globe financial market is currently undergoing a major shakeup. The reason for my choice of economics and accounting in such a situation is I consider myself as person who has a long-term view, loves challenge and is confident of my ability of communication and organization I have never done some courses related with economic before, but the deep interest in economic motivated me came to Singapore for a diploma course major in economic. I took my lecturers advice and began to read some financial magazines, I focus on update financial news of every part of world, combine with my knowledge like consumer theory and firm theory and help me understand them more easily. This shows my determination to pursue economics. Being a student in charge of live in the senior high school for 3 years gave me a chance to be a free man andrecorded every expenditure and revenue carefully, helped teacher make some money decision and collected the money. The work experience taught me that being careful and determined are important qualities of an accountant, raise my interest to be an accountant and help me to be patient and have an intuition of accounting. Shanghai, my hometown, the government want to poplarise English as it will be the host of EXPO 2010. As such, I went to a community centre and worked as a English tutor there. My job was about helping the elderly pronounce words and communicate with foreigners. I talked people whom I have......

Words: 576 - Pages: 3

Premium Essay

Performance Evaluation of Exim Bank

...11 Internship Report Prepared by Md. Sabbir Jahan Performance Evaluation of EXIM by the Private Banks of Bangladesh “A Case Study on EXIM Bank Ltd” This Internship report is submitted for the partial fulfillment of The degree of “Master’s of Business Administration” with a major in “Finance&Banking” Prepared By: MD. Salahuddin ID: 136-34-21 Program: Master’s of Business Administration Major: Finance&Banking Semester: Supervised By: Md. Kamrul Hasan Lecturer Department of Business Administration Southern University Bangladesh Internship Duration: Submission Date: Dedication Dedicated to my family, friends who always pray to the Almighty Allah for my prosperity and also provided all kinds of support & inspiration………… Letter of Submission: Date: To Md. Shahidullah Manager EXIM Bank Ltd. Agrabad, Chittagong. Subject: Submission of Internship Report. Dear Sir, It is a pleasure to hand over the report of my internship program on “Foreign Exchange Management Practices of EXIM Bank Ltd” to you. This Internship program has provided me the opportunity to have the practical experience about my bachelor degree program by working with the employees of all departments in EXIM Bank ltd, Agrabad. It gave me valuable insights to the professional life in an organization specially about banking system. I, therefore convey my thanks to you......

Words: 2049 - Pages: 9

Premium Essay

Document

...Prepared For: A.S.M Asif Senior Lecturer Department of Business Administration East West University Prepared By: NAME | ID | Mirza Nawesh Ali | 2011-1-10-234 | Tahmid Islam | 2011-2-13-055 | Ferdousi Shikder | 2011-2-13-056 | Shajid Mahmud | 2011-1-10-432 | Date of Submission: 7TH APRIL 2014 Letter of Transmittal 7th April2014 A.S.M Asif Senior Lecturer, Dept. of BBA Department of Business Administration East West University Subject: Letter of Transmittal. Dear Sir, It gave us immense pleasure to submit the report on ‘’Genex Infosys Limited ‘’which was assigned to us as partial fulfillment of MIS 305 report. This report gave us the opportunities to have an insight view of an organization. An attempt has been made in this report to analyzefruits industry. We have tried our best tofulfill the requirements of this report. This requirement was very much valuable to us to gain experience and we are grateful to you for providing us this opportunity of gaining such tactical experience. Sincerely yours NAME | ID | Mirza Nawesh Ali | 2011-1-10-234 | Tahmid Islam | 2011-2-13-055 | Ferdousi Shikder | 2011-2-13-056 | Shajid Mahmud | 2011-1-10-432 | ACKNOWLEGEMENT Preparing a term paper is a difficult task. We faced many problems when we started the work on the report but we are greatly thankful to Almighty Allah for enabling us to get successfully through our responsibilities. Very warm and special thanks to our......

Words: 1396 - Pages: 6

Free Essay

Common Interview Question and Answer

...Questions You Should Ask 1. Do you have any hesitations about my qualifications? 2. Do you offer continuing education and professional training? 3. What have you enjoyed most about working here? 4. What is the single largest problem facing your staff and would I be in a position to help you solve this problem? 5. What is the next step in the process? Interview Questions 1. Tell me about yourself? Good morning. My name is, or you can call me David. I recently received my Bachelor’s degree of Accounting with a first-class honours from University and have completed a total 11 months of internships with KPMG as well as private entities in the past three years. I've worked hard in my education as well as internships to prepare myself to become a world class employee in my role. In my most recent position as a, I have had the opportunity to initiate and develop numerous accounting and financial-related report to Business Director and I’m proud to say that I have suggested and implemented new policies on the workflow within the company which saving the company over 40% of paper wastage. In addition, my internship at KPMG has proven my ability to be a quick-learner and adaptor when being placed in a fast-paced working environment. I believe this experience and training has prepared me to take the next step and pursue a full time position for a company where I can be a part of a team as well as allowing me to focus my energy on professional growth. 2....

Words: 6929 - Pages: 28

Premium Essay

Accounting

...Please complete a separate form relating to each journal for which you wish to make a submission of this type. Journal Title: MALAYSIAN ACCOUNTING REVIEW       QC1. FIELD of RESEARCH (FoR) PANEL to which this request is directed (tick one box only):  0806 Information Systems  1401-1499 Economics  1501 Accounting  1502 Finance  1503 Management  1504-07 Marketing/Tourism/Logistics  180105/1801025 Business and Taxation Law   QC2. WHAT ABDC 2013 RATING DO YOU PROPOSE FOR THIS JOURNAL?  A*  A B C   QC3. WHAT ABDC 2010 RATING WAS THIS JOURNAL ASSIGNED?  A*  A B C   QC4. WHAT ERA 2010 RATING WAS THIS JOURNAL ASSIGNED?  A*  A B C  not applicable   QC5. NOMINATE “THE BEST” COMPARATOR JOURNAL (journal from the ABDC 2010 list that is most similar in research quality): ASIAN REVIEW OF ACCOUNTING   QC6. JOURNAL INFORMATION Editor’s Name: PROF. DR NORMAH OMAR Web Address: http://ari.uitm.edu.my/mar.html Institution: UNIVERSITI TEKNOLOGI MARA     NATURE OF SUBMISSION   QC7. Primary submitter type (tick one box only)  Higher Education Institutional Submission (e.g. formal submission from Business Faculty/School)  Peak Body Submission (e.g. AFAANZ, ANZAM)  Individual Submission   QC8. Primary submitter: PROF. DR SARDAR M. N. ISLAM Institutional Affiliation: Professor of Business, Economics and Finance; College fo Business, Victoria University, Australia   QC9. Are there other signatories to this submission?  Yes  No If yes,......

Words: 3679 - Pages: 15

Free Essay

Gsrghj

...The current issue and full text archive of this journal is available at www.emeraldinsight.com/1746-8809.htm An investigation of perceptions of company annual report users in Sri Lanka Anura De Zoysa and Kathy Rudkin School of Accounting and Finance, University of Wollongong, Wollongong, Australia Abstract Purpose – The purpose of this paper is to report on a study of how users of company annual reports in the emerging market of Sri Lanka view those reports. Since limited studies exist that examine financial reporting practices in emerging markets, little is known about the user perceptions of company annual reports in these markets. This paper contributes to filling this gap by examining the views of a wide spectrum of users on the usefulness of corporate annual reports in Sri Lanka. Design/methodology/approach – The data reported in this study were collected through a questionnaire survey, covering seven user groups – accountants, executives, bankers, tax officers, academics, financial analysts, and investors. The 264 responses received were analysed using the Kruskal-Wallis one-way ANOVA test. Findings – The results reveal that most use annual reports for obtaining information for share transactions. Despite the long delay in publishing many annual reports and lack of availability of these reports to the general public, the majority of users view annual reports as the most important source of company information. The paper also reveals that, in comparison with developed...

Words: 10559 - Pages: 43

Free Essay

Customer Satisfaction

...Transforming Lives Communities The Nation …One Student at a Time Disclaimer Academic programmes, requirements, courses, tuition, and fee schedules listed in this catalogue are subject to change at any time at the discretion of the Management and Board of Trustees of the College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT). The COSTAATT Catalogue is the authoritative source for information on the College’s policies, programmes and services. Programme information in this catalogue is effective from September 2010. Students who commenced studies at the College prior to this date, are to be guided by programme requirements as stipulated by the relevant department. Updates on the schedule of classes and changes in academic policies, degree requirements, fees, new course offerings, and other information will be issued by the Office of the Registrar. Students are advised to consult with their departmental academic advisors at least once per semester, regarding their course of study. The policies, rules and regulations of the College are informed by the laws of the Republic of Trinidad and Tobago. iii Table of Contents PG 9 PG 9 PG 10 PG 11 PG 11 PG 12 PG 12 PG 13 PG 14 PG 14 PG 14 PG 14 PG 15 PG 17 PG 18 PG 20 PG 20 PG 20 PG 21 PG 22 PG 22 PG 22 PG 23 PG 23 PG 23 PG 23 PG 24 PG 24 PG 24 PG 24 PG 25 PG 25 PG 25 PG 26 PG 26 PG 26 PG 26 PG 26 PG 26 PG 27 PG 27 PG 27 PG 27 PG 27 PG 27 PG 28 PG 28 PG 28 PG 28 PG 28 PG 33 PG 37 Vision Mission......

Words: 108220 - Pages: 433

Premium Essay

Student

...Student Handbook 2015/2016 www.praguecollege.cz Table of Contents Introduction Message from the Director Mission, Vision and Values Why study at Prague College Admissions A short guide to Prague College qualifications English for Higher Education Foundation Diploma in Business Foundation Diploma in Computing Foundation Diploma in Art & Design Professional Diplomas in Business Professional Diplomas in Computing Higher National Diploma BA (Hons) International Business Management BA (Hons) International Business Management (Flexible Study Programme) BA (Hons) Business Finance & Accounting BA (Hons) Graphic Design BA (Hons) Fine Art Exp. Media BSc (Hons) Computing BA (Hons) Communications & Media Studies MSc International Management MSc Computing Accreditation & Validation UK/Pearson Credit system Transfer of credits Student support Accommodation Study Advising and Support Financial support Visas for foreign students Scholarships Benefits for students Study abroad Internships Assistance in employment Counselling Centre Student Resources Computer labs Online Learning Centre (Moodle) Prague College email Physical library Digital Library ISIFA Images Textbooks and class materials Graphic Design/Interactive Media/Fine Art materials and costs Personal computers Message boards and digital signs Newsletters Open lectures, seminars and events Student ID cards Centre for Research and Interdisciplinary Studies......

Words: 27092 - Pages: 109

Free Essay

Somoy Tv

...Assignment on MIS Enterprise Information System (MIS305) Topic: Somoy Media Limited Submitted to: ASM Ashif Senior Lecturer Department of Business Administration East West University Course Code: MIS305 Section: 04 Submitted by: Group Member: Name | Id | Farhana Ahmed | 2013-3-10-135 | Md. Akib Jabed | 2014-1-10-258 | Mubtasim Bin Zaman | 2014-1-10-314 | Faria Tabassum Arpa | 2014-1-10-282 | Farzana Akther Neela | 2014-1-10-191 | TABLE OF CONTENTS Topic…………………………………………………………………………… Page No. Letter of Transmittal………………………………………………………………………04 Acknowledgement…………………………………………………………………..……...05 Objective of the Study………….............................................................................................06 Company Profile…………………………………………………………………………...06 Organogram………………………………………………………….……………………..07 Management Information System in Somoy Media Limited……………………………07 IT Resource of Somoy Media Limited…………………………………………………….07 * Software……………………………………………………………………………..07 * Hardware…………………………………………………………………………….08 * Communication………………………………………………………………………08 * Backup System and Disaster Recovery……………………………………………...08 Enterprise Resource Planning……………………………………………………………..09 * IT and BOE ………………………………………………………………………….09 * Human Resource……………………………………………………………………..09 * Finance……………………………………………………………………………….10 Some MIS Report of Somoy Media Limited………………………………………………11 Networking......

Words: 1670 - Pages: 7

Premium Essay

Finance

...HELP University College Faculty of Business, Economics and Accounting Department of Business Studies INTERNAL SUBJECT OUTLINE Semester 3, 2011 FIN304 Global Financial Management Subject Lecturer / Tutor Mr. Mohd Jamil Jelani Telephone Fax Room Email 603-20961511 603-20957063 12, KPD Block B, Level 2 mohdjj@help.edu.my Class Contact Please refer to timetable Consultation Please call or email for appointment FIN304 Global Financial Management – Semester 3, 2011 SUBJECT DETAILS TEACHING STAFF Mr. Mohd Jamil Jelani is a Senior lecturer in banking and finance. He holds a Bachelor of Accountancy (Honours) and MBA in Applied Finance and Investment from National University of Malaysia; he is also a Chartered Accountant from Malaysian Institute of Accountants. Prior to his lecturing career, he served as a Group Financial Controller of a local company. Mr. Mohd Jamil has a wide experience in the teaching of Accounting and Finance, as he has been involved in the academic field for more than 9 years. Subject Overview The subject aims to develop an understanding of a representative range of issues in international finance and global financial markets. It covers topics such as sport and forward exchange rates, interest rate parity, currency hedging and exchange rate forecasting techniques. It also covers new developments in the international financial system such as eurocommercial paper and the internationalisation of the equity......

Words: 6848 - Pages: 28

Premium Essay

Stock Market in Bangladesh

...Mercantile Bank Limited THURSDAY, AUGUST 11, 2011 I.1 Mercantile Bank Ltd at a glance Mercantile Bank Limited is one of the famous & oldest private banks in Bangladesh. It is a scheduled private commercial Bank established on May 20, 1999 under the Bank Company Act 1991 by Mr. Abdul Jalil (MP), & registered as a Public Limited Company under Companies Act, 1994. The Bank started commercial Banking operations for both organizations & individuals from June 02, 1999. From then within a short time MBL established itself in a strong position in the economy of the country having 35 branches all over the country. It has earned significant reputation in the country’s Banking sector as a Bank & created a wide image in the eye of the people by helping people in investing their money earn profits & serving different organizations to save their money is secured place along with investing in different other businesses for profit, organizational development, country’s economic growth & exchanging money & dealing international business in foreign currency. The dream of creating MBL, which is ‘A Bank of 21st Century’, & fulfilling its will to become “Banglar Bank” as its title says has become successful because of the initiative of some persons who are the sponsors of MBL. There are 30 sponsors in Mercantile Bank Limited and all of them are highly regarded for their entrepreneurial competence. Mercantile Bank Ltd. has consistently turned over good returns on Assets and Capital.......

Words: 8586 - Pages: 35