This website uses cookies to ensure you have the best experience. Learn more

Managing Short Term & Long Term Financial Resources

3981 words - 16 pages

TABLE OF CONTENTEXECUTIVE SUMMARY41.0 INTRODUCTION52.0 COMPANY BACKGROUND63.0 DEFINATION OF TERMS64.0 SHORT TERM FINANCIAL RESOURCES75.0 LONG TERM FINANCIAL RESOURCES86.0 METHOD OF MANAGING SHORT TERM FINANCIAL RESOURCES106.1 Credits by Suppliers106.2 Credit Control Policy116.3 Inventory Management Policy127.0 METHOD OF MANAGING LONG TERM FINANCIAL RESOURCES137.1 Leasing137.2 Treasury Department149.0 REFERENCES1710.0 APPENDIX18EXECUTIVE SUMMARYEvery company wants to position themselves strategically to compete in the market. Before they can do that, they have to look into their financial resources & background in order to plan their strategy accordingly.They have to identify where are their financial resources, how much the total operation of the company need, how much do they have. Once they have identified those above, their follow task is how to utilize the fund or capital available to generate maximum returns to the company. They need to find ways to accelerate the inflow of fund while not to allow fund outflow too early until it is due. At the same time do not frozen the cash on hand with making any profits or return.All companies include my company have 2 different types of financial resources, the long-term & the short term.We managed our short-term financial resources such as supplier credit, credit control policy & inventory control policy. Supplier Credit will slow down the outflow of company fund too early by obtaining credit term from suppliers.Credit Control Policy will minimize the risk of bad debts & payment delinquencies from customers at the same time accelerate the payment from customers.Inventory control policy will help to assure our resources & company capital not to be frozen up in the warehouse as dead or slow moving stock. On the other hand, utilizing Stock Rotation Program to defrost the idle stock by exchanging for new & different stock to sell.Long Term Financial Resources require my full attention to avoid too much capital stuck at high cost assets that having high depreciation rates. By using Leasing Term to acquire the usage of equipment such as Copier machines & Electronics Microscope is our present practice. Leasing with purchase option also is one type of leasing term we are using.Treasury Department is the important method we practice to manage long-term financial resources. Their task of monitoring & reviewing Credit Control Policy is to minimize the risk of financial management. They are responsible for the customers' credit term application, & yearly review of customers' payment performance. Their daily task of cash management & monitoring & analyzing cash balance is to help ease the cash flow of our company. They are accountable for long-term investment review such as our contracted bulk purchase deal with key suppliers.These methods help the operation to run smoothly without a hitch & maximizing company profits.1.0 INTRODUCTIONFinancial Resources can define as...

Find Another Essay On Managing Short term & Long Term Financial Resources

Suffer the Short-Term; Appreciate the Long-Term

1818 words - 8 pages . In his article “The Tragedy of the Commons”, Garrett Hardin proposes a critical economic theory - individuals, driven by their own personal benefit, act in such a manner that harms the group’s long-term best interests by depleting shared resources. Hardin discusses “no technical solution problems,” a class of problems that cannot be solved with “a change only in the techniques of the natural sciences, demanding little or nothing in the way of

Amphetamines Long And Short Term Effects

671 words - 3 pages AMPHETAMINES Short Term Effects The user desires the short-term effects that amphetamines give.They include"¦ · Extra energy for 4-6 hours This drug gives you a high of adrenaline and raises your blood pressure, breathing rate, talkativeness and aggression as a result of the energy boost.· Prevents sleep Since you are so pumped with energy you do not feel the need to sleep. Yet it only delays your need for

The Control Processes of Short and Long Term Memory

1194 words - 5 pages repeat it to ourselves ( acoustic), and it has to be significant to us otherwise we would have a need to remember it (semantic). Memory Storage Storage in the human memory is the second of the three processes. The process of storing information involves filtering out and filing information so our brain does not experience an information overload. The information our brain receives can be stored into our long-term, short-term or sensory

The Short and Long term affects of Marijuana

914 words - 4 pages The Short and Long Term Effects of MarijuanaBy: Brooke LockyerMarijuana, a now commonly used drug, is sometimes perceived as an acceptable and may even consist of benefits. It is not what some say it is though. There is only one positive effect that comes from it that later still turns out bad but with that come all of the negative effects as well. Marijuana can be dangerous and is not a drug that anyone would want to mess with. The effects can

The long and short term causes of world war one

1023 words - 4 pages What were the long and short term causes of world war one The Causes of World War One Although the causes leading up to the "Great War" are many and varied, it is a controversial and perhaps impossible task to pinpoint the most important one. The most prominent cause is the assassination of Franz Ferdinand, but to truly understand how the world was tipped into chaos, one must look past the obvious, and into the conflicts

Short and Long Term Regulation of “Leptin” Through Feeding

866 words - 4 pages aspects of feeding, it tested the appetite of a rats which was full by giving their favorite food The result are able to determine the authenticity about the theory of Leptin by using short and long term regulation of feeding. In the test, the investigators have used about a month which included the settlement for the rats moving from a cage into the glass bowl to get the result, and the research conducted successfully, and the result of the journal

Long and Short-Term Effects of Drug Usage During Pregnancy

1744 words - 7 pages . Works Cited Brennan, P., Cornelius, M. D., De Genna, N., Lotfipour, S., Paus, T., D'Onofrio, B. M., ... & McBride, C. (2012). Tobacco and pregnancy. Psychiatry Research: Neuroimaging - 15 December 2004 (Vol. 132, Issue 2, Pages 95- 106, DOI: 10.1016/j.pscychresns.2004.06.004 Kuczkowski, K. M. (2004). Marijuana in pregnancy. ANNALS-ACADEMY OF MEDICINE SINGAPORE, 33, 336-339. Meyer, Kurt D., and Lubo Zhang. "Short- and Long-term Adverse Effects of Cocaine Abuse during Pregnancy on the Heart Development." Short- and Long-term Adverse Effects of Cocaine Abuse during Pregnancy on the Heart Development. SAGE, 15 Jan. 2009. Web. 17 Apr. 2014.

Long-Term Care

1768 words - 7 pages care or therapy services, Medicare pays for home health care, including personal care services provided by home health aides.” (Feder, Komisar, and Niefeld) All that is not covered, the elderly are expected to cover with savings, private insurance policies, and financial support from family and friends. About 7 percent of long-term spending is financed by private insurance. This is a combination of health insurance and the relatively new long-term

Identifying Long Term Trends

1262 words - 6 pages /financial-theory/11/basics-business-forcasting.asp Jennifer Williams, D. M. (2014, February 12). Small Business Chronicle. Retrieved from www.smallbusiness.chron.com: http://smallbusiness.chron.com/examples-long--short-term-goals-business-4551.html Parker, M. (2012). Nike. Retrieved from www.nikeresponsibility.com: http://www.nikeresponsibility.com/report/content/chapter/letter-from-the-ceo RTT News. (2010, May 5). Retrieved from www.rttnews.com

Long term care insurance

947 words - 4 pages , dressing, eating, transferring, toileting, and continence for seniors. It also can help senior citizens to protect their financial assets as well as providing financial and emotional support for the family members. In addition, long term insurance program would ensure older adults to receive quality care, and they would have the freedom to decide where and when to get the care services. The long term care insurance program can be designed as a

Long term care ltc

710 words - 3 pages Long Term Care LTC Introduction The product I selected is Long Term Care Insurance (LTC). Long-term care insurance is for the protection of individual and family investments. Customers always assume insurance is going to be expensive when it come to protecting your financial security. In this case it's worth the investment once you know what you can loose.LTC insurance is marketed to individuals as a planning tool. It's the type of insurance you

Similar Essays

Short Term And Long Term Personal Financial Planning Goals

854 words - 4 pages getting ready to buy the Becker program by May and start studying. The last not the least of my short term-goals is to find a Job. I need a Job in the short run to be able to generate enough money to continue paying for grad school. I have been in school for so long, now I just want to finish with at least a master. If I don’t find a job capable of providing enough financial resources to pay for school the next option is to get a loan. In the long-term

Short Term And Long Term Memory

1245 words - 5 pages Encoding and retrieval are essential to the workings of the memory, and the fact that there are two main kinds of memory – short term and long term – is significant. Short term memory holds information for fairly short intervals, whereas long term memory stores information for a far longer amount of time. The relationship between both, as some Psychologists claim, is envisaged by stage theory. When information is encoded

Strategic Planning: Short Term And Long Term Goals

968 words - 4 pages Strategic health care management is becoming the primary focus as it is crucial to deal with today’s changing health care landscape. The increasingly growing competitiveness and challenging health care legislative mandate collaborative leadership approaches that synchronize and involve all stakeholders in strategic planning. This is particularly important when determining both long-term and short-term strategic goals. As an example of successful

The Crusades: Short Term And Long Term Effects

1470 words - 6 pages led too many effects throughout years. There were short term effects and long term effects from the crusades that effected people of all different cultures. Two places which have had many effects from the Crusades are Europe and Islam. The Crusades has had short term and long term effects on power, economic and classical knowledge throughout Europe and Islam. In order for the crusades to begin, the Christians needed to gather an army to travel