Economy Alliances

Posts Tagged ‘financial’

The Family Business Chair at IESE and Informal D & B have signed an agreement to promote together several research projects in the field of family business, as reported by the business school of the University of Navarre.

The business school will collaborate with faculty, specialists and researchers who will oversee research on the other hand Informal D & B will be responsible for collecting data and will be responsible for technical support.

The agreement aims to deepen the role of the family business in the economic and social whole, drawing on the experience of the two organizations.

“For Informal IESE is an honor that has thought of us as a source of information and helpful and we are confident that together we can generate studies of high added value,” the chair of Informal Group and Cusec, Juan Barossa Pages.

The Family Business Chair at IESE was founded in 1987 and was the first in Europe in this field. Their mission is to train and guide the family business so they can better perform their work.

Informal D & B was founded in 1992 and provides business information, financial and marketing to businesses and entrepreneurs. Part of the D & B Worldwide Network, a platform that provides information on more than 160 million companies in the world ‘online’.

The financial manager plays a crucial role in the operation and success of companies. The role of the financier is from the budgeting, forecasting and cash management, credit management to the investment analysis and fundraisers.

Since that most business decisions are measured in financial terms, the role of financial manager in the operation of the enterprises is of vital importance, as well as all those areas that constitute the business organization, accounting, manufacturing, market, personnel, research and others, require a minimum knowledge of the financial management function.

The importance of the finance function depends largely on the size of the company. In small companies, the finance function is usually entrusted to the accounting department, but as the business grows, you must create a special department to work the financial area.

The financial manager must master the basics of both economics and accounting. You must know the prevailing economic framework, the changing levels of economic activity and changes in policy, for that referred to some.

There are two basic differences between finance and accounting: One is the treatment given to the funds, and the other decisions. The counter devotes his attention mainly to the method of accumulation, collection and reporting, the financial manager for its part, focuses on cash flow methods and decision-making.

Some even think that the Accountant and Financial Administrator fulfill the same role in business, remember that the formation of each is very similar, but the approach is different.

The practitioner is responsible for the accounts of the company, the collection withstand economic events experienced by the company in a given period, generating financial statements and a very important responsibility for the proper management of tax by the company.

Even before the Accountant was a bookkeeper because of the lack of technology, which made their work difficult and slow, now with the existing software, the practitioner has the ability to add value, diagnosing the company in its reality economic and financial.

But the question is: is that just the accounting information the practitioner can make economic projections, identify trends and formulate appropriate strategies against different economic situations that may arise in the organization?

Can we say that the accounts tells the counter as it has been the company, as it is and how will it be?

This is where the money manager gets to play an important fact due to the knowledge of external economic factors that influence the organization’s finances.

The financial manager must be intuitive in its decisions, bearing in mind that budgets are made at the mercy of the market, ie a change in market conditions can not meet the targets, demonstrating that the accounts can not know what happened and financial results earlier successes, are not guarantees of equal results in the future. Read the rest of this entry »

Today the Internet has democratized many aspects of everyday life. Activities that were reserved for very exclusive elite are now available worldwide airlines, hotels, shops, expensive restaurants, and even the stock market on Wall Street.

The best example of this we are all we have done our first steps into the bag via the Internet. Access to online brokers has facilitated the buying and selling them more agile at the same time understandable to the masses. Suddenly we have become shareholders of Apple, Google, Telephonic and Santander, among others.

A greatly expanded financial product and is having a lot of demand lately are investment funds. Self-Bank (online bank quoted by several companies among which is the Caiman and Society General) is one of these online banks where you facilitate the acquisition and sale of mutual funds and a little advise if you have sufficient knowledge of stock and investment.

In the Web, have a fundraiser, which includes “The best funds” and “guaranteed funds” 3 options, which I highly recommend all of you who are taking your first steps in this investment fund.

You can also consult the “model portfolios” where you will find examples of portfolios in accordance with your profile (Conservative, Balanced, and Aggressive) and history of profitability of each in the last 4-5 years.

Those of you who have no idea about this that I tell you, do not panic, on the website of Self Bank you have a section called “The ABC of funds”, as its name indicates, we will remove doubts and I explain in great detail each and every one of the terminologies used in the domain of the funds and investments.