Ethical Issues In Inventory Management

When we speak of ethics violations we immediately think about executive management, or some sort of Wall Street scandal, and rarely do we realize that it happens more frequently from the bottom half of the workforce than the glass tower. Ethics violations in inventory management are committed by: 1.Knowingly giving inaccurate information to clients or

Management and Financial Accounting

Accounting is usually seen as having two distinct strands, Management and Financial accounting. Management accounting, which seeks to meet the needs of managers and Financial accounting, which seeks to meet the accounting needs of all of the other users. The differences between the two types of accounting reflect the different user groups that they address.

Effective Working Capital Management and Optimal Synchronization of Cash Flows

How do firms choose their operating cycle? How do firms choose their cash conversion cycle? What is the impact of firm’s operating cycle on the size and periodicity of investments in receivables and inventories? How do seasonal and cyclical trends affect firm’s operating cycle, cash conversion cycle and investments in current assets? These strategic policy

Cash Management: The Global Need For Netting And Re-Invoicing

As corporations increasing their global net, implementing netting and re-invoicing techniques is becoming a necessity. It saves the companies involved in transactions from different parts of the world, significant costs related to conversion of the currencies into their own. In case of small companies with just one or two subsidiaries in different nations, the transactions

Citibank's Transformation of Traditional Money Management Into E-Business

Citibank's strategic intent is to convert its traditional money management business into an e-business framework. How does Citibank transform its traditional assets into digital assets? What issues, if any, do you envision that Citibank must overcome in order for the implementation to be successful? According to Porter two main ways for a company to compete

Operations Management And The Startup Company

What's the product? Is there a market? Where is the initial funding coming from? How experienced is the management team? These are some of the first questions investors and lenders want answered when investigating a startup company, and rightly so. The business plan typically addresses these and other related questions in some detail, but what

Modern Financial Management Theories & Small Businesses

The following are some examples of modern financial management theories formulated on principles considered as ‘a set of fundamental tenets that form the basis for financial theory and decision-making in finance’ (Emery et al.1991). An attempt would be made to relate the principles behind these concepts to small businesses’ financial management. Agency Theory Agency theory