Conversations with help desk providers sheds light on their importance and their job responsibilities. It is nice to see that the help desk providers were all very professional and pretty much gave the same answers to the questions that were asked. This in term shows that they love their job and appreciate their customers. Their interviews allows me to conclude the following from their knowledge and first hand experiences. A help desk is important because it is the first point that a company use
Self -Reflection on Module 8.2a Financial Management Before the commencement of the sub-module 8.2, we were supposed to choice either 8.2a (Financial Management) or 8.2b (Investing Social Security Reserves), because the sub-module is divided into two. I have decided to take the sub-module 8.2a, and during online VC sessions, I have had gained some basic knowledge from this subject (Financial Management). For me, this is the first time I had chance to learn about the subject, before that I have
financial management primarily deals with three core areas that have a bearing on a firm’s financial goals. As postulated by Firer et al (2008), these three core areas of corporate finance are as follows: (1) capital budgeting, which encapsulates the process of planning and managing a firm’s long-term investments; (2), capital structure, which outlines the specific mixture of long-term debt and equity maintained by a firm and last, (3) working capital management, which deals with management of a firm’s
of management, there is another crucial function for the success of any organisation. Coordination can be understood to be the essence of management. It is the synchronisation of efforts of various business elements or functions to harmoniously achieve the organisational goals. Any business has five main functions apart from the coordination function. Two major functions are the Operations Management function and the Marketing Function. Role of Marketing Function and the Operations Management Function
Working capital is called as the nerve system of any business. Without efficient working capital management company cannot attain its objectives and not possible to maintain financial soundness. So in this perspective present study is undertaken to study the working capital management through ratio analysis at CHLOROPLAST. The term working capital refers to the management of current assets. It is the part of total capital used for carrying out the routine or regular business operation
working capital viz. cash, accounts receivable, inventories etc. And they defined working capital management as setting working capital policy and implementing it on day today basis. A company’s working capital affects its liquidity as well as profitability. Hence, it should be properly managed (Taleb et al., 2010).
pertinent information for making important business decisions. The role of financial reporting for banks is crucial importance for the efficiency of banks' operations. Data needed for adequate financial reporting are found in the financial statements. In recent years, there has been a growing need for calculating performance of banks by using the information from the financial report. Importance of a specific analysis for banks: Financial accounting is providing solid information basis that helps banks
governmental agencies and focus on improvement of quality of life mostly in the developing countries Watkins, West Meiers & Song (2013). While Performance Improvement (PI) is considered a key element in development projects all around the world, its importance is equally burdened by the challenges of accurate implementation of best practices. Watkins, Meiers & Song (2013,p.29) maintains that “PI holds great potential for improving the results of international development projects”. Another field that
Ward rounds (WRs) are a complex clinical activity that forms the basis of the daily assessment and management of surgical inpatients. They offer the opportunity for communication between patients and clinical staff with the desired outcome being the formulation of a coordinated management plan that takes into account all relevant clinical information. New changes in the NHS require Consultant – led WRs daily, but there are situations where the Consultant or the Registrar needs to leave or is unable
holding costs. • Inventory management. Identify the level of inventory which allows for uninterrupted production but reduces the investment in raw materials—and minimizes reordering costs—and hence increases cash flow. Besides this, the lead times in production should be lowered to reduce Work in Process (WIP) and similarly, the Finished Goods should be kept on as low level as possible to avoid over production—see Supply chain management; just In Time (JIT) • Debtors management. Identify the appropriate