YOUR LEARNING ASSISTANCE
financial management refers to the diplomatic planning, organizing, directing, and supervising of financial undertakings in an organization. It also comprises applying management principles to the financial resources of an organization, while also playing a significant part in economic or budgetary management.
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goods and services. By joining a GPO, you’re able to take advantage of the collective buying power of a group of businesses to get discounts from vendors
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s forecasting is an essential business practice. Sales forecasts allow business leaders to make wiser decisions about setting up goals, budgeting, hiring, and other things involving cash flow.
Read moreInventory or stock is the term refers to the goods and materials that a business holds for the goal of
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Activity-based budgeting is often used in cost accounting. Managers make budgets and spending recommendations based on past production activities. Management examines the costs of performing particular activities, like bending a fender for a car, to budget the overall costs of manufacturing a product.
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Inventory Management can be defined as a systematic approach to ordering, storing and using a company’s inventory. In business terms, inventory
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Whenever a customer places an order with a store, a process begins that runs in the background until they finally receive their product. This is called the order management process.
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Incremental budgeting is a budgeting process that is based on the idea that a new budget can best be developed by making only some marginal changes to the present budget.
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A cash flow budget is a projection of all cash receipts and all cash expenditures that are expected to appear during a certain time period. Estimates can be done monthly, bimonthly, or quarterly, and can include non-farm revenue and expenditures and farm items.
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We can define supply chain management as “Design, planning, execution, control, and monitoring of supply chain activities to create net
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