MGTA02H3 Lecture Notes - Financial Plan, Accounts Receivable, Revolving Credit
29 Apr 2011
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MGTA02H3 Full Course Notes
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Document Summary
Financial managers: those managers are responsible for planning and overseeing the financial resources of the firm. Finance (corporate finance): the business function involving decisions about a firm"s long-term investments and obtaining the funds to pay for those investments. Cash flow management: managing the pattern in which cash flows into the firm in the form of revenues and out of the firm in the form of debt payments. Financial control: the process of checking actual performance against plans to ensure that the desired financial status is achieved. Financial plan: a description of how a business will reach some financial position it seeks for the future; includes projections for sources and uses of funds. Credit policy: rules governing a firm"s extension of credit to customers. Inventory: materials and goods currently held by the company that will be sold within the year. Raw materials inventory: that portion of a firm"s inventory consisting of basic supplies used to manufacture products for sale.
