Excellence In Financial Management Essay

65652 WordsMar 24, 2011263 Pages
Excellence in Financial Management All Discussion Board Articles Written by: Matt H. Evans, CPA, CMA, CFM This document covers all articles published through December 2007. Any articles published after December 2007 can be found on the internet at www.exinfm.com/board Table of Contents Cash Flow Management . . . . . . . . . . . . Financing . . . . . . . . . . . . . . . . . . . . . . . . Budgeting & Forecasting . . . . . . . . . . . . 3-6 7 - 10 11 - 14 Project Evaluations . . . . . . . . . . . . . . . . . 15 - 17 Capital Management . . . . . . . . . . . . . . . . 18 - 22 Ratio Analysis . . . . . . . . . . . . . . . . . . . . . 23 - 28 Value Based Management . . . . . . . . . . . . 29 - 55 Economic Value Added . . . . . . . . . . . . . Risk Management . . . . . . . . . . . . . . . . . Controlling Costs . . . . . . . . . . . . . . . . . . Performance Measurement . . . . . . . . . . Competitive Intelligence . . . . . . . . . . . . . 56 - 58 59 - 61 62 - 63 64 - 79 80 - 85 Process Improvement . . . . . . . . . . . . . . . 86 - 94 Human Resource Management . . . . . . 95 - 127 Organizational Development . . . . . . . . . . 128 - 145 Technology . . . . . . . . . . . . . . . . . . . . . . . . 146 - 159 Decision Making . . . . . . . . . . . . . . . . . . . . 160 - 165 2 Cash Flow Management Basic Cash Flow Management Managing cash must take an equal stature with Net Income. In financial management, "cash is king" is a frequent motto. Your first step in managing cash is to elevate the importance of cash. The basic process for managing cash is straightforward. Try to maintain an adequate level of cash to meet current obligations and invest idle cash into earning assets. Earning assets must have high liquidity; i.e. you must be able to convert investments back into cash quickly. Additionally, you want to protect your cash balance by paying

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