Financial Management Techniques Research Articles

A Review of Financial Problems Faced by Orange Producing Farmers in Amravati District

Agriculture in India serves as the primary economic sector, supporting the livelihoods of a significant portion of the population. With two-thirds of the populace dependent on it, agriculture remains the cornerstone of the nation's economy. Enhancing agricultural productivity is crucial for sustained growth, with its trajectory deeply intertwined with the country's long-term economic prospects. Within the agricultural landscape, orange farming stands as a prominent venture, particularly the cultivation of Nagpuri oranges, renowned for their quality. However, despite its promise, orange farmers encounter considerable financial hurdles, including fluctuating prices and high production costs. Hence the research study focused on the financial challenges faced by the orange producing farmers. To navigate these challenges, farmers must employ strategic financial management techniques while ensuring the quality of their produce. Additionally, marketing their oranges poses its own set of obstacles, prompting farmers to explore diverse avenues for sales, including local and international markets. Despite the financial constraints, orange farmers remain resilient, striving to maintain the excellence of their produce amidst economic uncertainties.

Financial Management Practices and Small and Medium-scale Enterprises' Performance in Sri Lanka

Small and Medium-scale Enterprises (SMEs) add value to an economy by creating employment, contributing to Gross Domestic Production (GDP), making innovations, and minimising poverty. They are partnering with the development of the country. Most small and medium-scale enterprises face issues like lack of knowledge, outdated skills, fear of taxation, adoption of accounting standards, and accounting information records. Therefore, this study aims to identify the relationship between financial management practices and SMEs' performance in the southern province of Sri Lanka. This study measures financial management practices using financial reporting analysis, working capital management, fixed asset management, and accounting information systems. SME performance was measured by the profitability of SMEs using return on assets. Considering data constraints, time constraints, and the COVID-19 situation, 107 Small and Medium Enterprises operating in the manufacturing and service sectors were selected as samples. A questionnaire was chosen as the primary data-gathering method. The sample was chosen using a convenience sampling procedure, and the data were analysed using the Statistical Package for Social Scientists (SPSS) software. Multiple regression analysis was done to examine the hypothetical association. This study found that financial management techniques such as fixed asset management, working capital management, accounting information systems, and financial performance of SMEs have a significant association with performance. The findings support aiding investors, workers, and policymakers in making effective decisions.

CONCEPTUAL DEVELOPMENT AND FINANCIAL ANALYTICS FOR STRATEGIC DECISION-MAKING IN TELECOMMUNICATIONS, FOCUSING ON ASSESSING INVESTMENT OPPORTUNITIES AND MANAGING RISKS IN SATELLITE PROJECTS

Conceptual development and financial analytics are critical components of strategic decision-making in the telecommunications industry, particularly in assessing investment opportunities and managing risks in satellite projects. This Review provides an overview of the key concepts and approaches used in this context. In the telecommunications sector, especially in satellite projects, conceptual development involves the creation and refinement of strategic plans and objectives. This process includes identifying market opportunities, defining project goals, and developing strategies to achieve them. Financial analytics, on the other hand, involves the use of financial data and models to evaluate the financial viability of investment opportunities and assess the potential risks. One of the key challenges in conceptual development and financial analytics for satellite projects is the complexity and uncertainty inherent in the telecommunications industry. Satellite projects often require significant upfront investment and have long lead times, making it essential to carefully evaluate the financial and strategic implications of such investments. To address these challenges, telecommunications companies use a range of tools and approaches. These include financial modeling, scenario analysis, and risk management techniques. Financial modeling involves creating mathematical models to simulate different investment scenarios and assess their financial impact. Scenario analysis involves evaluating the potential outcomes of different scenarios and identifying key drivers of financial performance. Risk management techniques involve identifying and mitigating potential risks associated with satellite projects, such as regulatory changes, technological obsolescence, and competitive pressures. Overall, conceptual development and financial analytics play a crucial role in strategic decision-making in the telecommunications industry, especially in satellite projects. By using these approaches, companies can assess investment opportunities, manage risks, and make informed decisions that align with their strategic objectives.
 Keywords: Financia Analytics, Strategic, Decision-Making, Telecommunications, Development.

FINANCIAL OUTSOURCING IN THE ANALYSIS OF ENVIRONMENTAL FISCAL REVENUE MANAGEMENT

Despite changes in regulatory policy, greenhouse gas emissions into the atmosphere have not decreased. A methodology for the search and selection of sources of financing for activities to combat climate change is proposed. The basis of the research methodology is the bibliometric and predictive analysis of the generated databases. It is proposed to use not only environmental tax revenues but also other sources of financing as part of mixed capital. It was revealed that the dynamics of environmental tax revenues are inferior to the dynamics of total tax revenues in GDP. The largest share of environmental taxes belongs to transport and energy taxes. The use of logical and predictive research approaches demonstrated that environmental revenues were insufficient and that extra funding and financial outsourcing were required for climate change activities. As a result of the correlation analysis, the most significant environmental revenues were for the following countries: France (0.981), Belgium (0.976), Greece (0.976), Austria (0.972), and Portugal (0.969). A negative Pearson correlation coefficient occurred for the countries: Denmark (-0.040), and Sweden (-0.101). To increase the significance of the coefficient, it is proposed to change the elements of environmental taxes in these countries. An outsourcer providing financial services to clients forms a regional environmental financial system. This will increase the rate of capital turnover and reduce the need for capital. The outsourcer will reduce "cash gaps" by promptly attracting financial tools and financial management techniques, accelerate the turnover period of mixed capital, and boost the effectiveness of managing environmental tax revenues.

Has the World of Finance Changed? A Review of the Influence of Artificial Intelligence on Financial Management Studies

Artificial intelligence (AI) has had a tremendous impact on financial management research, revolutionizing how financial data is analyzed and decisions are made. It has the ability to improve accuracy and efficiency while also lowering costs and providing fresh insights into financial markets and investments. This review will look at some of the important areas of financial management research that AI has influenced. One of the most notable effects of AI on financial management research has been in risk management. AI algorithms, with their ability to analyze vast amounts of data, can detect patterns and anomalies that humans may not notice right away and have had a significant impact on financial forecasting and prediction, generating predictions about future market movements and investment opportunities by analyzing historical data, market trends, and other relevant factors. In conclusion, artificial intelligence (AI) has had a tremendous impact on financial management research, revolutionizing how financial data is analyzed and decisions are made, with significant potential to disrupt traditional financial management techniques. AI has the ability to increase accuracy and efficiency, cut costs, and provide fresh insights into financial markets and investments. As AI technology advances, its impact on financial management studies is likely to rise.

Evaluating the Impact of Financial Management Practices on an Organization’s Financial Performance: A Case Study of Hwange Colliery Company

The purpose of the study was to establish the impact of financial management practices on an organization’s financial performance. This analysis was driven by the organization’s declining profitability despite the efforts to deploy cost-cutting initiatives. As a consequence, the research looked into the impact of existing procedures in working capital management, fixed assets management, capital structure and investment practices. The descriptive research design was used in the study and quantitative research approach was adopted. The administrative personnel at Hwange Colliery Company, which numbered forty six, comprised the population and a sample of 30 was used. A questionnaire survey with structured questions was utilized. In the study, regression analysis and Pearson coefficient of correlation were employed to determine the link between the factors of financial performance and financial management techniques. It emerged that the financial management strategies had a substantial impact on Hwange Colliery Company financial performance. To maintain resource efficiency, the research recommends improvements in the areas of accounts receivable management and investment decision that is leading to losses if wrong decision are made.

Financial Management Impact on Performance Reports in Borrower Multisupplier and Consultancy LTD, Kigali Rwanda

This study aimed to analyze the impact of financial management on performance reports in Borrower Multisupplier consultancy (BMSC Ltd, Kigali Rwanda). The research uses a descriptive survey design and quantitative method, with 133 employees and 121 sellers as a sample size. Data was collected using structured questionnaires and analyzed using SPSS software version 21. The Cronbach alpha coefficient formula was used for reliability and validity. The results show that quality financial reporting contributes significantly to performance reports, with a high positive correlation between these two factors. The use of ratio analysis is also important, with a high positive correlation between ratio analysis and performance reports. Internal control is also crucial, with a high positive correlation between internal control and performance reports. The ANOVA results show a significant relationship between financial management and performance reports in Borrower Multisupplier and Consultancy Ltd, Kigali Rwanda. The researcher concludes that financial management contributes to performance reports and recommends that companies develop financial management techniques that contribute successfully to their company's performance reports. The findings are presented and interpreted using frequencies and tables. The findings suggest that financial management plays a crucial role in enhancing performance reports and should be considered in the development of financial management strategies for borrower and multisupplier companies. Keywords: Financial management, Performance reports, Borrower Multisupplier, Consultancy, Rwanda

The impact of financial risk management on firm performance: a study in financial management practices

In the framework of financial management techniques, this study explores the crucial link between financial risk management and corporate success. The study explores how effective risk management techniques have a direct impact on the overall performance of organizations via extensive research and analysis. The study highlights the important role that proactive risk management plays in boosting a firm's stability, profitability, and long-term growth by looking at a variety of risk reduction approaches and their results. The results highlight how crucial it is to implement effective financial risk management procedures in order to deal with uncertainties, allocate resources efficiently, and ultimately achieve sustained success in today's changing business environment.

RISK FINANCING TECHNIQUES AND SMEs PERFORMANCE: EMPIRICAL EVIDENCE FROM NIGERIA

Risk financing is a critical element of a resilient future. Risk management techniques are important metrics in safeguarding the lives and property of mankind. Therefore, this study aimed to assess the effects of financial risk management techniques on business performance, with specific reference to the perceptions of selected SMEs in Lagos, Nigeria. The study adopted a cross-sectional survey research design. The study population consisted of the total number of registered SMEs recorded in Lagos State at 11,666. Thus, single-stage cluster and convenience sampling techniques were employed in the questionnaire distribution and data collection processes. Two hundred and forty-eight (248) respondents were used in the study. The statistical technique employed was simple regression. This study confirms the importance of financial risk management techniques in business performance of selected SMEs operators in Lagos, Nigeria. It is recommended that insurance providers in Nigeria should attempt to tailor insurance products in a lovable and affordable manner to SMEs’ operators/owners in a bid to improve their behavioural risk attitudes. More so, interest should be placed on impressive risk management communication and ideal physical risk control techniques among SMEs’ owners/operators.

Impacts of Financial Management Practices on the Economical Development of Small to Medium Size Forest Enterprises

Small and Medium-sized Forest Enterprises (SMFEs) have transitioned toward environmental sustainability due to the rapid evolution of the global economic climate. Researchers have revealed a high failure rate of about 90% worldwide for SMFEs due to poor financial management techniques, even though their performance is crucial for every emerging country. Implementing financial management methods has boosted firm expansion in the literature on the topic. This study fills a knowledge gap within the literature by examining the effect of financial management techniques on the expansion of small and medium-sized enterprises (SMFEs). Financial management, financial analysis, computerized accounting systems and financial investments were the primary areas of inquiry. Two hundred sixty small and medium-sized business owners, financial managers, and other financial staff members filled out questionnaires to obtain the data. The analysis reveals that better financial management, financial reporting, accounting systems, investment decisions, and financing strategies lead to better financial performance and faster growth. The findings also show a robust beneficial relationship between financial management, financial analysis, computerized accounting systems and financial investments is essential to their success and has significant consequences for owners, administrators, and authorities. This research expands on previous discussions of numerous practical aspects and offers suggestions for future investigation.

РЕАЛИЗАЦИЯ ИНВЕСТИЦИОННОГО ПРОЕКТА КАК ИНСТРУМЕНТ ПОВЫШЕНИЯ ФИНАНСОВОЙ УСТОЙЧИВОСТИ ОРГАНИЗАЦИИ

This article examines the financial stability of the organization, factors affecting the economy and the functioning of economic entities. The definition of the concept of “financial stability” and indicators of financial stability assessment, divided into absolute and relative, were considered. The principles of financial stability management techniques were also listed and characterized. With the help of the golden rule of economics, the reproduction security and stability of the organization’s position in the market are calculated and the corresponding conclusions are formulated. The role of profitability indicators in financial analysis was determined and their dynamics was revealed on the example of a specific organization. As a recommendation to improve the financial stability of the organization, it was proposed to open its own store as an investment project, and the economic efficiency of this project was calculated.

The Contribution of Financial Management Practices to the Growth of SMEs in Bulawayo CBD: A Case Study of Bulawayo Centre, Imbali Mall and Haddon & Sly Complex.

Financial management practices are ways of handling a company’s finances in a bid to help it be successful and compliant with regulations. This study focused on the contribution of financial management practices to the growth of Small and Medium Enterprises (SMEs) in Bulawayo Central Business District (CBD), particularly those operating at Bulawayo Centre, Imbali Mall and Haddon & Sly Mall. Lately, sentiments have been suggesting that SMEs in Zimbabwe are failing due to a variety of reasons, and they generally need help in adopting and applying financial management practices effectively. The literature revealed the need for extensive research on how frequently these financial management techniques are employed and how they correlate with the expansion of SMEs. The study employed a mixed research method and utilized a survey conducted through questionnaires and interviews. The findings of the study revealed that SMEs are employing financial management practices effectively, however, a few are not keen to carry out financial reporting and audits as well as implement budgetary control systems. This study recommended that SMEs should develop a financial management plan that includes budgeting, cash flow management and financial reporting, and seek advice from professional financial advisors to ensure compliance with the best practices. It is also important for future researchers to explore the role of technology in improving financial management practices and the growth of SMEs and consider longitudinal studies to track changes in financial management practices over a long period of time and how they impact the growth of SMEs. This study concluded that it is beneficial to adopt professional financial management practice systems and use all methods of financial management as it contributes to growth. It is also important to note that the growth of SMEs is impacted by other factors, apart from financial management practices, which include competition and macro-environmental challenges.

Influence of Financial Management Practices on Performance of Small and Medium Enterprises in Kitale Town, Trans-Nzoia County, Kenya

In Kitale town, many SMEs are performing poorly due to poor financial management practices, yet they occupy a large part of the Trans-Nzoia County economy. If this situation is not addressed, their contribution to the economy will likely be affected. It was found that the growth rate of Kenyan small and medium-sized enterprises (SMEs) decreased from 5.4% in 2011 to 4.3% in 2013. Unemployment is a direct result of a drop in performance, and unemployment exacerbates social inequities and criminal activity. Because of this, this research examined the effect of financial management techniques on the performance of small and medium-sized firms (SMEs) in Kitale town, Trans-Nzoia County, Kenya. This study employed a descriptive research design. In this study, the target population comprised all the managers of retail shops/stalls, butcheries, hardware, and small hotels/cafeterias. Using Gay's criteria, the researcher selected a total of 45 respondents based in Kitale Town. The research instruments used included questionnaires. Data for this study was edited, loaded, and then analyzed descriptively to avoid errors by using frequency lowest, mean scores, and percentages. In addition, inferential statistics were applied using the general linear model-ANOVA and robust standard error regression using SPSS V20 statistical package. The results of the study were presented in the form of tables and figures. It was determined that the response rate was 99.2 percent, with 125 people picked using a basic random selection procedure, with data acquired via the use of questionnaires. Three key financial management methods followed by SMEs were identified in the research, all of which were determined to have a beneficial impact on the performance of small and medium-sized businesses. A rise in these factors will lead to a rise in the company's profits. Financial performance may be predicted at any given moment due to the considerable impact of this study. Moderate levels of adoption of financial management strategies show they have not yet been fully employed in order to enhance performance. Therefore, managers and owners of small businesses are urged to prioritize the use of financial management procedures. When it comes to financial management, they should not only devise a strategy but also regularly monitor and analyze its effectiveness. A number of recommendations are made in the report. It was decided to focus on just Kitale County's small businesses, to begin with. It is possible that this is not a true picture of SMEs throughout the nation.

Pengaruh Komitmen Organisasi Pemerintah Desa, Sistem Pengendalian Internal, Dan Partisipasi Masyarakat Terhadap Akuntabilitas

Accountability is something that is very important to be discussed considering the impact is very large for the village community. Many factors can affect accountability. This paper is made to see what factors can cause a decrease or increase in accountability. Implementers of village financial management techniques (PTPKD) in West Denpasar Regency as a whole were used as the research population. Selected 64 people to be used as research samples with regression analysis techniques. From the research conducted, it is revealed that accountability will be greatly influenced by a commitment within the organization, control within the organization, and community participation in various activities in the village.

Pengelolaan Bisnis Berbasis Digital pada Usaha Mikro “Dapur Umma” di Era New Normal

Dapur Umma is a micro business in the culinary field that produces various bottled chili sauce, dried potatoes and spring rolls and fireworks. Based on the results of the field survey, it was found that Dapur Umma had limited problems in marketing its products to the public during the Covid-19 pandemic, where the number of requests that usually came from outside the city fell by up to 60%. This is a problem that cannot be found for a solution because (1) the lack of knowledge about how to promote their products digitally which is interesting and unique and has durability (2) Limited knowledge in financial management to be able to calculate the profit value of the sale of Umma Kitchen. This Community Partnership Program (PKM) aims to help the Umma Kitchen Micro Business which is engaged in the business of chili sauce, dried potatoes and firecracker spring rolls to be able to increase sales value through digital-based marketing and financial management techniques solutions. The final result of this activity can increase the production and marketing value from 45% to 85%.

Role of FDI: Status and Performance in Indian Economy

Abstract: Foreign Direct Investment is considered as one of the important tool for the economic development particularly in the interest of the developing and underdeveloped countries. It transfers financial resources, innovative technology and management techniques which increases the productivity in the country. In India, company can raise Foreign Direct Investment through automatic route or government route. FDI in various sectors of an economy will show the relative opportunity and attractiveness of the sector. Huge amount of FDI in specific sector will show the potential development and opportunity in the sector. This paper is an attempt to study the role of FDI in India and it exhibit the sector-wise & year-wise analysis of FDI’s in India. The results show that the computer software and hardware sector has attracted huge amount of FDI in India followed service sector. Further it has been observed that year by year the FDI have shown the increasing trend in an economy. Keywords: Foreign Direct Investment, Sectorial Analysis, Economic Growth,

Organizational Resilience in the Face of Disruptions

This research looks into the topic of corporate resilience, specifically how well-established businesses handle change and how they recover from setbacks. Data on organizational resilience strategies and practices are gathered through a mixed-methods approach that includes questionnaires and in-depth interviews with organizational leaders. The results stress the significance of having an adaptable culture, spending money on new technologies, using sound financial planning and management techniques, and being well-prepared. The study's findings shed light on tactics that businesses can employ to strengthen their ability to withstand and recover from disturbances. Organizations can better weather the inevitable upheavals of today's fast-paced business climate by adopting these practices and procedures.

The role of financial conditions for physical and mental health. Evidence from a longitudinal survey and insurance claims data

BackgroundBoth theory and empirical evidence suggest that financial conditions are influential for mental health and might contribute to physical health outcomes. MethodsUsing longitudinal survey data and health insurance claims data from 1209 employees in a large U.S. health insurance company, we examined temporal associations between measures of financial safety, financial capability, financial distress, their summary index (financial security) and six subsequently measured mental and physical health outcomes. ResultsWe found that financial safety and financial capability were positively associated, while financial distress was negatively associated, with subsequent self-reported measures of physical and mental health, even after controlling for these health measures at baseline and other confounders. Additionally, financial conditions were associated with reduced risk of depression based on health insurance claims data. Financial safety was also associated with anxiety. ConclusionsPolicy-makers might consider the introduction of more effective measures for ensuring favorable financial conditions as an important contributor to better population health. Furthermore, policy could encourage teaching adequate financial management techniques and the importance of understanding of long-term consequences of financial decisions, as those might be pivotal for health outcomes.

Reflections on the Contributions of Sir Charles Rey to the Development of Financial Control and Accountability in the Bechuanaland Protectorate (1929-1937)

This essay examines the diaries of Sir Charles F. Rey, Resident Commissioner of Bechuanaland, covering the years 1929-1937. The paper summarizes and reviews the accounting thoughts, activities and practices during a period of British colonial rule in Bechuanaland Protectorate. It illustrates early accounting and budgetary practices, as well as their role in influencing and shaping political and socio-economic development. The paper reveals that nuances of accounting history are contained in literary and archival documents, and that accounting practitioners and researchers should explore these scripts in order to understanding the introduction and development of accounting in the African continent. It further suggests that Sir Charles Rey’s memoirs show him to be a financial manager and administrator of note, albeit one who used financial management techniques to maintain control over natives, European businesses, and colonial administrators. This notwithstanding, this paper encourages researchers and practitioners to locate accounting history from such writings.

On the Practical Application of Financial Engineering in Corporate Financial Management

<p align="justify">The proportion of income and operating expenses will be out of balance once there is no appropriate financial management on the basic finance of corporate operation. The improving of corporate financial management has become the focus of many companies, especially for modern enterprises of strong competitiveness. However, many Chinese companies still adopt traditional financial management techniques, and their effects of risk management are obviously decreasing. Financial engineering is beneficial to the implementation of company’s new management plans. It is essential and plays a critical role in all aspects of business operations. Improvement and innovation should also be made with effort in the process of application.</p>