what is bank financial management: wil it help me learn to read financial statements?
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The book at the following link will help you to learn about Bank Fiinancial Management  http://www.countrybookshop.co.uk/books/index.phtml?whatfor=0471849391\nNo, it probably wont help.
129872
Hmm...You appear to be an O level student. Anyways here goes:\n\n   Whenever we make a business transaction by check we record it in our books. For example if you issue a check of amount Y to Mr. X, you will record that $Y have been given to Mr. X in your ledger account of Mr. X. Mr. X will than take this check to your bank and will ask for money. The bank will verify the check than issue the money and record that amount Y from your account have been given to Mr. X. At the end of month the bank will send you a statement of all your transactions and you will be able to see this transaction with Mr. X. Now think what will happen if Mr. X does not immediately take your check to the bank but instead decide to cash it next month. In that case there will be a discrepancy between the bank's account and your account. Thus a statement is needed to reconcile your balance in the Cash book with the bank statement. This statement is called a bank reconciliation statement. \n     The need for it arises because of lack of communication between bank and the account holder.
208070
Its usually very difficult to separate the two.  Financial management has more to do with setting budgets and business management has more to do with how to spend the budget.
387370
pick up an into to accounting textbook or visit http://www.investopedia.com
265071
Go to a bank!  You can check the information on line!
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Financial Statements are comprised of:\n\na) Balance Sheet\nb) Income Statement\nc) Statement of Cash Flows\nd) Notes to the Financial Statements
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http://teachmefinance.com/capm.html
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Yes.  A resolution of the board of shareholders (members or managers) is sufficient to open bank accounts and for purposes of governance.  \nAlso, when empowered to do so, oftentimes, executive or administrative committees or even individual executive officers may issue policy directives or resolutions that alter business operations.
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First ... don't be afraid to ask the bank teller to retrieve the information for you. \nThey get asked all the time and are glad to do it.  \nSort of goes hand-in-hand with eBay.\n\nHowever, if you do not wish to ask then you only have two\nother options that I know of.\n\n1. Wait on bank statement\n2. Access bank account info via the internet. Most banks\nhave this free access now. I use it all the time to keep\nan eye on my checking account.  Just ask your bank or go\nto their web site and look for how to set up access.  It's\nusually very easy to do.\n\nHope that helps.
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Pros:\n* Best monitor of a business's profitability.\n* More information than the cash method and a greater focus on outputs.\n* Better quality of management and decision making.\n* Greater comparability of management performance results.\n* Cost of capital assets are spread over the useful life of these assets.\n* More effective and reliable assessment of the financial health of the organization.\n* Shows how an organization has financed its activities and met its cash requirements.\n* Allows users to evaluation the organization's ability to finance its activities and meet its liabilities and commitments.\n\nCons:\n* Developing accounting policies.\n* No set or defined standards regarding siginficant accrual accounts (revenues, accounts payables, accounts receivable).\n* Identifying and valuing existing assets.\n* Establishing accounting systems.\n* Developing the necessary skills and providing training for both the preparers and users of financial information.\n* Significant cost to implement.\n* The cash method is comparatively simple and objective.\n* It requires greater professional judgement (i.e. estimates for uncollectible accounts receivable, depreciation, etc.)
81316
try reading these pages .. to have an understanding on the purpose of accounting... and the basic concepts behind them..\n\nhttp://www.futureaccountant.com/accounting-process/study-notes/\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
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-- Quickbooks is an inexpensive starter kit and is most comonly used by bookkeepers.\n-- Microsoft Money has a good migration path (Quick Books or similar -> Small Business Accounting -> Great Plains)\n-- GnuCash is free and robust (used on Linux systems)\n-- Standard green 3-column notebooks are often enough for the first month or two.\n\nBefore you get too overwhelmed with startup administrativa (not that I have anything about keeping good accounts), read The Art of the Start by Guy Kawasaki (Apple's head marketing guy during its first 20 years and garage.com's founder).  Great stuff.  It'll keep you focused, alive, and on a good track as you get going.\n\nBest of Luck!
615038
it's good because you still want to learn even if you don't need one.. try business administration.. something like managment.. i'm doing it as my minor.. a lot of reading.. on how to manage people, a company, enterpreneur etc.. not too many graphs like in economics.. but this should be good if you're planning on starting your own business.. and MBA is ok if you want to further your studies if you seems to like it..
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financial statements -are only a statement of the board  ,vouched that they reflect the true financials of the company.[mostly they are not].a good accountant -can detect the hidden flaws in the statements that the board wants us to read.stringent rules &punishments will deter the board and the auditing firms -to indulge in such acts .
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Well as far as i have made job decriptions this is the basic Job Description of Cheif Accountant: \n\nIdeal candidate must have extensive experience in financial reporting, internal control, financial analysis, budgeting, forecasting, insurance and accounting. To qualify for the role you need to have over 4-6 years post qualification experience in supervisory capacity within the finance function.\n\nFinance Manager Job description is really an art work, check this description I use at my job:\n\nSignificant Points\nAbout 3 out of 10 work in finance and insurance industries. \nA bachelor’s degree in finance, accounting, or a related field is the minimum academic preparation, but many employers increasingly seek graduates with a master’s degree in business administration, economics, finance, or risk management. \nExperience may be more important than formal education for some financial manager positions—most notably, branch managers in banks. \nJobseekers are likely to face competition. \n\nThe duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, and risk and insurance manager.\n\nEssential Job Functions:\nAnalyzes complex financial data and extracts and defines relevant information; interprets data for the purpose of determining past financial performance and/or to project a financial probability.\n\nOversees the development of unrestricted funds budgets, research grants and contracts, revenues, and/or gift accounts. Analyzes budget patterns and projects expenditures.\n\nOversees the preparation of working papers and approved budgets; ensures that expenditures for budgets, and grants and contracts are monitored and that reports are prepared to maintain balanced accounts.\n\nDevelops management, narrative, and statistical reports for private and government donors.\n\nDevelops and oversees the maintenance of budget monitoring systems.\n\nDevelops complex financial reports for forecasting, trending, and results analysis.\n\nMonitors, identifies, and communicates overexpenditures to faculty and administrative staff. May resolve funding shortfalls.\n\nKeeps abreast of laws and regulations that apply to a particular staff function or field of professional expertise to maintain up-to-date compliance.\n\nOversees the receipt of payments from sponsors. May participate in the development of payment schedules.\n\nUses appropriate cost rates, such as indirect and benefit rates for proposed budgets. Reviews budget justification to ensure it relates to budgeted dollars. Confirms that anticipated promotions and other increases are calculated into the cost of project. Ensures compliance with all relevant university and/or agency regulations and restrictions.\n\nOversees budget accounts once award(s) has been granted or contract(s) signed. Provides oversight for the expenditure of funds, ensuring that funds are expended according to sponsoring organization's stipulations.\n\nConfers with appropriate internal and external administrative offices to ensure that required procedures are followed. Provides instruction and answers questions relating to budget procedures and serves as liaison between the business office and unit areas. Identifies budget issues, provides alternative solutions, and resolves problems.\n\nMonitors and approves expenditures throughout the budgetary period.\n\nPrepares and processes payroll documents needed to implement payroll/personnel transactions. Applies knowledge of procedures to review and record personnel activities of individuals compensated through federally-funded projects.\n\nMaintains individual attendance records and payroll processing.\n\nUses various software applications, such as spreadsheets, relational databases, statistical packages, and graphics packages to assemble, manipulate and/or format data and/or reports.
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Where I work operations management is audited as it relates to money flow and inventory control.  This is just standard accounting practice.
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The Art of Money Management\n \nDrs.V.J.F.Hoffmans\n \nCapital management and Independent investments assessment.\nCommand of your fortune at your fingertips. \n\nAdministration-lining.\nSelect portfolio managers.\nSelect deposit bank. \nNegotiate bank conditions.\nAccompaniment and coordination of fiscal and legal territory. \n\nSecretary - and Executive positions or\n \nThe Contemporary Manager\n( http://www.finaltrust-vb.nl/ )\n \nV i n h o f LTD tilburg\n \ninfo@VinHof.nl