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Ch 30: Financial Management Overview

About This Chapter

In this chapter is a comprehensive overview of financial management. Enhance your preparations for an upcoming test that covers this subject by reviewing entertaining lessons, taking short quizzes and utilizing other helpful study tools.

Financial Management Overview - Chapter Summary

The informative lessons in this chapter ensure you have a comprehensive understanding of financial management concepts, including revenue management, project cost control and fixed costs. Studying these lessons can enhance your ability to do the following:

  • Discuss the role and responsibilities of financial managers
  • Define working capital management
  • Calculate net working capital
  • Analyze cash flow statement patterns
  • Make decisions using the statement of cash flows
  • Share the definition of a variable cost
  • Create a responsibility report

All lessons in this chapter are accessible anytime and from any location with an Internet connection. Choose the lessons you want to view and visit them as many times as you'd like to ensure you fully comprehend financial management basics. Check your understanding of the lessons by taking multiple-choice quizzes. If you have questions about topics covered in this chapter, feel free to send them to our experts.

9 Lessons in Chapter 30: Financial Management Overview
Test your knowledge with a 30-question chapter practice test
The Role and Responsibilities of Financial Managers

1. The Role and Responsibilities of Financial Managers

Financial managers play a pivotal role in the success of companies. In this lesson, you'll learn about the duties and responsibilities of financial managers. You'll also have a chance to take a short quiz after the lesson.

What is Working Capital Management? - Definition & Examples

2. What is Working Capital Management? - Definition & Examples

Have you ever wondered how a company manages its money and pays its bills? Working capital management is how companies are able to manage finances and continue operations.

How to Calculate Net Working Capital: Definition & Formula

3. How to Calculate Net Working Capital: Definition & Formula

To operate effectively, businesses must be able to pay their bills as they become due. The best way to determine a business' ability to pay its bills is to calculate its net working capital. Learn what net working capital is and how to calculate it in this lesson.

Analyzing Cash Flow Statement Patterns

4. Analyzing Cash Flow Statement Patterns

The cash flow statement identifies where a company obtained and used cash during a specified period of time. In this lesson, we analyze the patterns conveyed by this statement.

Using the Statement of Cash Flows for Decision Making

5. Using the Statement of Cash Flows for Decision Making

In this lesson, we'll look at how cash flow statements. No matter how a cash flow statement is prepared it can help companies make the best possible decisions based on their current flexibility.

Fixed Costs: Definition, Formula & Examples

6. Fixed Costs: Definition, Formula & Examples

Understanding an organization's cost structure is essential for management to make appropriate investments. In this lesson, you'll learn the definition of fixed costs and why understanding fixed costs is an important part of financial management.

Variable Cost: Definition, Formula & Examples

7. Variable Cost: Definition, Formula & Examples

In this lesson, we'll be looking at variable costs, which are those costs that change directly with production. After the lesson, you can test your knowledge with a short quiz.

Project Cost Control: Definition & Steps

8. Project Cost Control: Definition & Steps

The planning, monitoring, and control of project costs is critical to successful project delivery. In this lesson, you will learn about cost control systems and why cost control is important to project delivery.

Creating a Responsibility Report for a Cost Center

9. Creating a Responsibility Report for a Cost Center

There is one simple rule when it comes to writing a responsibility report for a cost center - keep costs low! In this lesson, you'll find out how to express that by using a responsibility report.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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