Management Lectures Summary



Management Lectures Summary

Session 1

Finance is considered to be the backbone of a start-up or an existing business. Regardless of different stages of business cycle, financing is defined as the crucial aspect of the business (Christopher, 1994). In a typical scenario, a business can raise funds either through internal or external sources of finance, which assure continual support to core business activities and functions. Records that shows the financial exercises of a business, a singular or whatever possible substance. Financial statements are intended to present the financial data of the substance being referred to as obviously and succinctly as would be prudent for both the element and for book fans. Financial statements for organizations typically incorporate: wage statements, monetary record, statements of held profit and money streams, and other conceivable statements.

This section also contains some knowledge about importance of cash flow. Cash flow statement is part of financial report of any public company that is mandatory to disclose to exchange commission and its investors. It provides information regarding cash inflows from operating and external sources and also outflows that flow out of the organization.

Despite the fact that it has developed over the long run to reflect changing circumstances in the economy and markets, in its most straightforward structure, asset/liability administration involves administering assets and money inflows to fulfill different commitments (Jain et al., 2006). It is a type of danger administration, whereby one tries to moderate or support the danger of neglecting to meet these commitments. Triumph all the while might expand gainfulness to the association, notwithstanding administering hazard.

Session 2

At the start-up stage, the high-tech firm can seek finance support from internal or external sources. The internal sources for a new business can include personal savings and an informal loan from a relative or friend (Wu, 2008). In each of the two options, nature of risk will be slightly different and it will provide access to limited funds. Session two includes some information regarding accounting and finance in terms of business.

Earning management means managing earnings of a business in its annual accounting report for a given period of time. Earning management takes place when financial managers try to manipulate the earnings, profits, revenues and earnings per share of a company by inflating and deflating. Some financial analysis shows some details about the ratio of inventories, liabilities and current assets. Sustainability accounting refers to the process of analysis, collections and communication of information related to sustainability.

This information is related to or required for corporate sustainability management. It includes the information which is already generated and new coming information, for example, employment law and legal compliance (Giannakis, 2008). The above all factors influence the performance of organization and helps the management to determine the loop holes and improvement strategies which increases the business.

Session 3

Intellectual property is a notion that is gaining popularity in the modern times. It is being recognised by the people, organisations and the society that more than the physical property, the intellectual property ...