Operational Risks Operational risks are the risks of loss resulting from inadequate or failed internal processes and systems or from external events. It can include legal risks, but it usually does not include strategic and reputational risks. It is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from […]
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Benefits of Financial Consulting Financial consulting has become a critical aspect of many businesses, as it helps to ensure that the finances of the company are managed in the most effective and efficient way possible. Financial consulting can help a business to save money, improve its financial performance, and even make more money. Here are […]
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Skills of a Successful Manager The role of a successful manager is one of the most important positions in any organization and company. A successful manager must have a wide range of skills to be effective. The following are some of the essential skills a successful manager should possess. First Skill > Communication: A manager […]
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Project Plan If you are considering a project plan, this is great news! A project proposal has already been approved. Creating a comprehensive plan is the next step in the process. The project plan outlines a course of action for each team member, taking into account the triple constraints of scope, schedule, and budget. Project […]
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Credit Risk Reduction Strategies for Your Business Introduction When it comes to doing business, one of the biggest concerns you face is credit risk. This is the risk that a customer won’t pay their bill, leaving you out of pocket. While you can never completely eliminate this risk, there are steps you can take to […]
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Financial analysis of financial statements Introduction The act of analyzing a company’s financial statement can be daunting. You may be wondering where to start or what all of the different numbers mean. Don’t worry, we’re here to help to understand the Financial analysis of financial statements. In this comprehensive guide, we’ll explain everything you need […]
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Cash Management Cash management is often described as monetary logistics management. This analogy works quite well. It is the discipline of the Treasury that is devoted to the management of planned expenditures, so it is highly focused on operational efficiency and process optimization. It is about optimizing the flow of money coming in from customers, […]
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What is the Balanced Scorecard? The Balanced Scorecard, referred to as the BSC, is a framework to implement and manage strategy, It links a vision to strategic objectives, measures, targets, and initiatives, It balances financial measures with performance measures and objectives related to all other parts of the organization, It is a business-performance management tool. […]
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Risk Management Process In the Risk management approaches, after the companies, specific risks are identified and the risk management process has been implemented, there are several different strategies companies can take in regard to different types of risk: Certified Financial Risk Management Consultant – CFRMC® (USA) Risk avoidance. While the complete elimination of all risks […]
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Risk Management (RM) : The Importance Introduction You’ve heard the saying, “An ounce of prevention is worth a pound of cure.” Well, when it comes to risk management, that’s definitely true. Risk management is all about preventing bad things from happening. It’s a process of identifying and assessing potential risks, and then taking steps to […]
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