CORPORATE BUSINESS FINANCE - Ganawah, Mohamed Ibrahim Justice
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Corporate Business Finance looks at the raising and managing of funds by business organizations. Planning, analysis, and control operations are responsibilities of the financial manager, who is usually close to the top of the organizational structure of a firm. In very large firms, major financial decisions are often made by a finance committee. In small firms, the owner-manager usually conducts the financial operations. Much of the day-to-day work of business finance is conducted by lower-level staff; their work includes handling cash receipts and disbursements, borrowing from commercial…mehr

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Produktbeschreibung
Corporate Business Finance looks at the raising and managing of funds by business organizations. Planning, analysis, and control operations are responsibilities of the financial manager, who is usually close to the top of the organizational structure of a firm. In very large firms, major financial decisions are often made by a finance committee. In small firms, the owner-manager usually conducts the financial operations. Much of the day-to-day work of business finance is conducted by lower-level staff; their work includes handling cash receipts and disbursements, borrowing from commercial banks on a regular and continuing basis, and formulating cash budgets.Financial decisions affect both the profitability and the risk of a firm's operations. An increase in cash holdings, for instance, reduces risk; but, because cash is not an earning asset, converting other types of assets to cash reduces the firm's profitability. Similarly, the use of additional debt can raise the profitabilityof a firm (because it is expanding its business with borrowed money), but more debt means more risk. Striking a balance-between risk and profitability is the main stay in finance.
Autorenporträt
Mohamed Ibrahim Justice Ganawah ist Unternehmer, Forscher und Dozent und arbeitet derzeit als Vollzeitdozent am Fachbereich für Wirtschaft und Handel des Fourah Bay College der Universität von Sierra Leone. Außerdem ist er der derzeitige Schatzmeister der Economic Association of Sierra Leone.