Journal of Business and Financial Affairs

The OMICS journal of Business and Financial Affairs publishes articles on several aspects of financial practices involved in making management decisions at the corporate level.

Las Vegas, NV (prHWY.com) November 22, 2012 - The OMICS journal of Business and Financial Affairs publishes articles on several aspects of financial practices involved in making management decisions at the corporate level.
Management is neither Art nor Science, but has been described as pseudo-science. It encompasses the methodologies to use human, material and financial resources to the best use of an organization and achieve its goals.
Financial management on a basic level includes day-to-day inflows and collections, in addition to budgeting and cost of capital decisions at the bigger level. It also includes long-term planning to raise capital and financing for assets and issuing public offers. Basic financial management includes activities also includes making long-term investments in plant and equipment and obtaining the money or financing for overall business operations.
Managerial finance combines the principles of managerial accounting and corporate finance. The discipline involves interpreting financial results based on accepted norms (like GAAP) and using required financial analysis techniques. This approach also analyzes the working capital scenario for future workflow problems.
Common size financial statement analysis tells a business about the cash flows in a decent manner that is not too complicated. A manager needs to be innovative, creative and a good problem-solver.
One of the related branches of management is the supply chain management that deals with storage and movement of work-in-process materials, raw and finished goods from point of origin to consumption. Activity-based costing is a method which considers the complete range of activities in an organization with respect to the cost of products and resources consumed in the respective process.
The main functions of the financial management also involve assessment - directly linked with marketing, personnel and production management - for controlling the financial aspects in for survival, growth and success of the company as a whole.

Financial Intelligence involves gathering data about entities that includes revenue components and other financial figures, particularly for the legal proceedings, that in turn comes within financial regulations. Positive Risk Management relies on the ability to identify individual differences in risk judgment, and the The Five Factor Model (FFM) of personality has been accepted as the relevant model across cultures.
There needs to be minimum variation between owned capital and borrowed capital, and this can be achieved through proper financial planning. The financial affairs management also involves allocation of surplus and supervision of cash receipts and safeguarding of cash balances. Proper investment decisions are expected from the finance manager to make the best utility from cash and make decisions on paying dividends to shareholders or using short-term cash in the form of working capital.
Risk management identifies the risk associated with objectives and identifies those risks with respect to the management decisions and minimize the uncertainties or use cash reserves to make up for actual losses. Issues in risk communicators involve contacting the right audience.
The journal of financial affairs follows the Open Access Policy to include developments about business administration and financial management. Each of the manuscripts submitted by authors is edited by a board of editorial members and is cleared for acceptance by reviewers.
The OMICS Publishing Group, based in the US, aims at sharing scientific knowledge by publication of research articles in journals, organizing international conferences, and developing eBooks for free availability of knowledge to the scientific learners and researchers

###

Tag Words: financial journal

Categories: Education

Link To This Press Release:

URL HTML Code