Proper cash flow management is key to the success of a business over the long term. It is essential for SMEs to effectively manage cash with the same level of precaution as would be given to income, expenses and profit. Otherwise the company may find itself insolvent.
Having a successful company is not only the result of a brilliant idea, but also the responsible stewardship of the accountant or financial manager.
SMEs have the characteristic of not having large sums of money at their disposal. For this reason, savings are seen as a challenges, but it is not impossible.
Latin America and the Caribbean offer excellent conditions for providing high value services and knowledge-intensive processes known as Knowledge Process Outsourcing (KPO). According to experts, this market has grown almost 20% in 2013, representing 17 million dollars.
A survey on the readiness of banks in Latin American and the Caribbean to finance SMEs found that 73% of banks are inclined to expand their portfolio in this area. The IDB group remains the most important international financial entity providing assistance to regional banks.
This online workshop provides a guide on the four most relevant financial ratios for small and medium enterprises (SMEs).
Financial ratios are a useful and convenient tool for measuring a company’s performance and its financial position. Most ratios can be computed from information taken from the organization’s financial statements.
In order to achieve a financial strategy that meets the management objectives it is essential to have reliable data. The financial manager of the company is responsible for supervising the compilation and preparation of the reports containing this valuable information.
The Financial Manager of a company must have the proper ability and training to address key financial management decisions. The main aspects of the financial decision-making process relate to investments, financing dividends and asset management.
The objective of financial management is the maximization of shareholders’ wealth. To satisfy this objective a company requires a long term course of action. The Inter-American Investment Corporation (IIC) reveals the importance of implementing an adequate financial management strategy for meeting this objective.
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