Modern Financial Management Theories & Small Businesses

Accounting and Financial Management professionals are the backbone of any organization and Langara grads are ready to meet that challenge. While 98% response indicate to moderate extent that adequate fiscal, revenue, expenditure, procurement, accounting records and information are produced, maintained and disseminated to meet decision-making, control, management and reporting purposes in local governments of Bayelsa state.Finance Management

Steven Ongena is a professor of banking in the Department of Banking and Finance at the University of Zurich and the Swiss Finance Institute, and a research fellow in financial economics of CEPR. This suggests that the performance of public financial management is to a moderate extent. Basically, the study focused attention on selected individuals of reputable personalities of State and local government officials who are vast about local government financial management in Bayelsa state. In this course we do not take the view that there is a single best practice in public financial management. Whereas only 54% response indicate to a moderate extent that observe effectiveness of cash flow, procurement planning, management and monitoring. It is on the strategic allocation of resources and efficient service delivery that the public finance system fails to deliver. Financial management in local government administrative setting is a public financial management.

The United States remains an international financial center, meaning that the economic growth of countries around the world will likely contribute to employment growth in the U.S. financial industry. Besides, public financial management requires that available financial resources should be used for intended purposes that have been decided upon through policy formulation which are to be delivered at acceptable quality. Financial Management studies corporate finance and capital markets, emphasizing the financial aspects of managerial decisions. This can, in our view, lead to the development of rules and systems that are not supported by the right technologies or skills and in the worst cases can actually make financial management worse.

Thus, adequate fiscal, revenue, expenditure, procurement, accounting records and information are produced, maintained and disseminated to meet decision-making, control, management and reporting purposes. For example management’s decision to make an acquisition or divest; repurchase outstanding shares; as well as decisions by outsiders like for example an institutional investor deciding to withhold a certain amount of equity or debt finance. Prepare capital structure : Financial management also prepares the capital structure. For this reason, the design of the questionnaire is made to have construct validity meaning the degree to which a particular test can measure a hypothetical construct (Baridam, 1990:68).Finance Management

Generally speaking, public financial management activities are supposed to be properly managed and reported through adequate budget processes, which means that such activities are subject to scrutiny and controls as operations included in the budget.Finance Management