what are the characteristics of an effective financial management process?
158034
['Keeping all payments and receivables transparent.', 'Amortizing prepaid expenses.', 'Depreciating assets according to accepted schedules.', 'Keeping track of liabilities.', 'Coordinating income statements, expense statements, and balance sheets.']
1363175
['A positive relationship with an active, intelligent client.', 'Strong project management.', 'Clear requirements, well managed.', 'Ruthless change management.', 'Pervasive process focus.', 'Effective controls and communication.', 'Technical leadership and excellence.']
1114584
['Understandability. One of the most important features of a financial statement is that it should be easily understood by the user. ... ', 'Relevance. The financial statements must contain relevant information for them to be useful to the users. ... ', 'Reliability. ... ', 'Comparability.']
1038377
There are several classical Performance Characteristics: Effectiveness – it indicates whether the goal of the Process has been achieved . Efficiency – it indicates whether the purpose of the Process has been achieved with the minimum resource (time, money).
655162
An effective financial goal would always has these SMART characteristics; Specific, Measurable, Achievable, Rewarding and Time-bounded. This is to ensure that our goals are meaningful and get us closer to financial freedom. Good luck in your goal setting.
577533
['Availability. One needs to be able to give the reward when earned in a large enough amount to be meaningful.', 'Flexibility. One needs to be able to give it when the manager wants to, to whom, and how.', 'Reversibility. ... ', 'Performance Contingency. ... ', 'Visibility. ... ', 'Timeliness. ... ', 'Durability.']
519569
['obtaining. you obtain financial resources form employment, investments, or ownership of a business. ... ', 'planning. planned spending through budgeting is the key to achieving goals and future financial security.', 'saving. ... ', 'borrowing. ... ', 'spending. ... ', 'managing risk. ... ', 'investing. ... ', 'retirement and estate planning.']
1393030
['Quality # 1. Knowledge of Business: ... ', 'Quality # 2. Accuracy: ... ', 'Quality # 3. Time Sense and Foresight: ... ', 'Quality # 4. Alertness: ... ', 'Quality # 5. Honesty and Morality: ... ', 'Quality # 6. Initiative and Capacity to Make Decisions: ... ', 'Quality # 7. Ability to Co-Operate: ... ', 'Quality # 8. Consistency and Dependability:']
1023812
['Vendor, Customer and Employee Onboarding. ... ', 'Vendor, Customer and Employee Maintenance. ... ', 'Report aggregation. ... ', 'Payroll processing. ... ', 'Customer Due Diligence. ... ', 'Competitive Pricing and Monitoring. ... ', 'CRM Updates. ... ', 'Order Processing.']
848104
['(1) determining your current financial situation.', '(2) developing financial goals.', '(3) identifying alternative courses of action.', '(4) evaluating alternatives.', '(5) creating and implementing a financial action plan, and.', '(6) reevaluating and revising the plan.']
1290919
['be capable of handling figures and cash;', 'have an orderly mind and methodical way of thinking;', 'have experience in dealing with large sums of money and budgets;', 'have experience of financial control and budgeting;', 'have an eye for detail;', 'be available to be contacted for ad hoc advice;']
837854
['1) Investment Objective. ... ', '2) Time Horizon. ... ', '3) Risk tolerance. ... ', '1) Performance Against Benchmark. ... ', '2) Performance Against Category. ... ', '3) Consistency of Performance. ... ', "4) Fund Manager's Experience. ... ", '5) AMC Track Record.']
459568
['Time Value of Money.', 'Simplicity.', 'Hurdle Rate / Required Rate of Return Is Not Required.', 'Required Rate of Return is a Rough Estimate.', 'Economies of Scale Ignored.', 'Impractical Implicit Assumption of Reinvestment Rate.']
1298341
['Approachability, and excellent interpersonal skills.', 'Superior financial acumen.', 'Honesty, reliability and trustworthiness.', 'Being able to listen to clients needs.', 'The ability to maintain objectivity at all times.']
468537
Management processes include planning, organizing, directing and controlling. An important aspect of management's function is the allocation of finite resources. Resources can be human, financial, technological or natural.
1278400
['Planning orientation. ... ', 'Profitability review. ... ', 'Assumptions review. ... ', 'Performance evaluations. ... ', 'Funding planning. ... ', 'Cash allocation. ... ', 'Bottleneck analysis.']
945883
['High Liquidity. One of the key features of these financial assets is high liquidity offered by them. ... ', 'Fixed returns. ... ', 'Maintains Liquidity in the Market. ... ', 'Provides Funds at a Short Notice. ... ', 'Helps in monetary policy. ... ', 'Treasury Bills (T-Bills) ... ', 'Commercial Papers. ... ', 'Certificates of Deposits (CD)']