CHALLENGES OF FINANCIAL MANAGEMENT

In a developing country characterised by extensive governmental regulation over the financial system and investment activity.

Moreover, it has an under-developed capital market. As a result, financial managers have to grapple with the following:

TREASURER CONTROLLER

Obtaining finance Banking relationship Cash management Credit administration

Financial accounting

Internal auditing

Taxation

Management accounting and control

FinancialManager

Marketing Manager

Auditing

Pension

Management

Treasurer

Cost Management

Production

Manager

Personnel

Manager

Controller

Planning and

Budgeting

Profit Analysis

Credit Analysis

Cost and

Inventory

Accounting and Pay roll

LIQUIDITY vs PROFITABILITY | MAXIMISATION OF RETURN | WEALTH MAXIMISATION | Constraints - Policy Decisions - Profitability | IMPLICATIONS OF WEALTH MAXIMISATION | Suppliers of Loan Capital | RELEVANCE OF WEALTH MAXIMISATION | Retaining earning and Undistributed profits | Managerial finance function | Functions of Financial Management | FINANCIAL FORECASTING | MANAGEMENT OF CORPORATION ASSET STRUCTURE | THE MANAGEMENT OF INCOME | MANAGEMENT OF CASH | DECIDING OUT NEW SOURCES OF FINANCE | CONTACT AND CARRY NEGOTIATIONS FOR NEW FINANCING | ANALYSIS AND APPRAISAL OF FINANCIAL PERFORMANCE | INCIDENTAL OR ROUTINE FUNCTIONS | CAPITAL BUDGETING DECISION | CURRENT ASSET MANAGEMENT | Maximisation of Share Value | RESPONSIBILITIES OF FINANCIAL MANAGEMENT IN THE FIRM | Functions of the Treasurer and Controller | TASKS OF FINANCIAL MANAGEMENT | CHALLENGES OF FINANCIAL MANAGEMENT | Gross and Net Savings | Household Savings | How to politely win when credit disputes and problems arise