Financial management in corporate governance
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Financial management in corporate governance
Corporate governance refers to the set of principles and practices that guide how a company is managed and controlled. One of the essential aspects of corporate governance is financial management, which involves managing the financial resources of the company to achieve its goals and objectives. In this article, we will discuss the importance of financial management in corporate governance and its various aspects.
Financial management in corporate governance involves making decisions about how to raise and allocate funds to meet the company’s goals and objectives. It involves managing cash flow, budgeting, financial planning, and risk management. Financial management also includes monitoring financial performance, analyzing financial statements, and making informed decisions about investments, mergers, and acquisitions.
The importance of financial management in corporate governance cannot be overstated. Companies that have effective financial management practices in place are better able to manage risks, allocate resources efficiently, and achieve their financial goals. Good financial management also helps companies to build trust with their stakeholders, including investors, customers, and employees.
One of the key aspects of financial management in corporate governance is cash flow management. Cash flow is the lifeblood of any company, and managing it effectively is critical to its success. Effective cash flow management involves monitoring cash inflows and outflows, forecasting future cash flows, and managing cash reserves to ensure that the company has sufficient funds to meet its obligations.
Budgeting is another critical aspect of financial management in corporate governance. A budget is a financial plan that outlines the company’s expected revenues and expenses over a specified period. By creating a budget, companies can ensure that they have sufficient resources to meet their financial goals and objectives. Budgets also help companies to identify areas where they can cut costs or allocate resources more effectively.
Financial planning is another key aspect of financial management in corporate governance. Financial planning involves setting financial goals and developing strategies to achieve them. It includes forecasting future revenues and expenses, identifying potential risks and opportunities, and developing contingency plans to manage unexpected events.
Risk management is also an essential aspect of financial management in corporate governance. Risk management involves identifying potential risks and developing strategies to manage them. Companies that have effective risk management practices in place are better able to anticipate and manage risks, reducing the likelihood of financial losses or other negative impacts.
Financial performance monitoring is also critical to effective financial management in corporate governance. Financial performance monitoring involves analyzing financial statements and other financial data to evaluate the company’s financial health and performance. This information is used to make informed decisions about investments, mergers, and acquisitions, as well as to identify areas where the company can improve its financial performance.
In conclusion, financial management plays a crucial role in corporate governance. Effective financial management practices help companies to manage risks, allocate resources efficiently, and achieve their financial goals and objectives. It is essential for companies to have sound financial management practices in place to build trust with their stakeholders and ensure long-term success.
Financial management in corporate governance
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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