Selecting financial solutions

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What are financial strategies?
Medium to long term plans that achieve the aim of the finance department
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Internal sources of finance
Retained profit, sale of assets & sale and lease back
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External sources of finance
Share capital, long term loans and debenture (long term
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Methods of debt management
Debt consolidation, pay off existing loans, pay off suppliers and collect debts
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What is a profit center?
A section of the business that generates both revenue and costs (e.g. Branches, departments and product lines)
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Reasons for implementing profit centers
Bench marking, motivation of employees and setting budgets
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Direct cost minimisation
Stock, wages
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Indirect cost minimisation
Rent of premises, marketing, admin, utilities
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Card 2

Front

Internal sources of finance

Back

Retained profit, sale of assets & sale and lease back

Card 3

Front

External sources of finance

Back

Preview of the front of card 3

Card 4

Front

Methods of debt management

Back

Preview of the front of card 4

Card 5

Front

What is a profit center?

Back

Preview of the front of card 5
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