The role of financial management in the company

Mihajlović, Milan B.; Tadin, Dušan B.; Gordić, Branimir M.

doi:10.5937/tehnika2004498m

Cited by 5 publications

(4 citation statements)

References 13 publications

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“…More generally, finance involves all aspects related to the management of financial resources, be it at the level of an individual, business, government, or other institution. The main objective of finance is to optimise the use of funds and financial resources in order to achieve predetermined financial goals (Mihajlović et al, 2020). Some important concepts and components in finance include: 1.…”

Section: Financementioning

confidence: 99%

Digital Technology Innovation in Improving Financial Access for Low-Income Communities

Wanof

2023

J.Technology;J.Society Perspective

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Access to finance is one of the key factors in building an inclusive and sustainable economy. Low-income communities often experience difficulties in accessing adequate financial services, such as savings, credit and insurance. This research aims to investigate how digital technology innovation has contributed to improving financial access for low-income people. This research is a literature analysis that utilises a qualitative approach. This approach involves analysing and interpreting data based on information and text taken from various sources. The study results show that digital technology innovation has opened up great opportunities in improving financial access for low-income people. Digital banking services, e-payments and alternative funding models have helped overcome traditional barriers, such as geographical distance and administrative costs, which often hinder access to financial services.

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Section: Financementioning

confidence: 99%

Digital Technology Innovation in Improving Financial Access for Low-Income Communities

Wanof

2023

J.Technology;J.Society Perspective

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Section: Review and Justification Of The Proposed Management 421 Gene...mentioning

confidence: 99%

“…Financial management plays a key role in any organization, including during digital village implementation [44,45,[51][52][53]. This concept has a close relation with management in general, as well as of technology, resources, personnel, and other aspects [51]. The tasks of this type of management include identifying the organization's goal and maximizing the return of the funds raised to support the organization [52].…”

Section: Review and Justification Of The Proposed Management 421 Gene...mentioning

confidence: 99%

“…The tasks of this type of management include identifying the organization's goal and maximizing the return of the funds raised to support the organization [52]. In detail, the tasks involve reconciliating financial operations, such as inflow and allocation of cash, and transactions of real assets with the capital market, including via company valuation and shares commer-cialization [51]. This process influences how the organization makes important decisions.…”

Section: Review and Justification Of The Proposed Management 421 Gene...mentioning

confidence: 99%

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Managing the Development of a Sustainable Digital Village

Agusta

2023

Sustainability

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Area development is a critical issue that has a strong relation to economic, social, and environmental performances in an area. Boosting area development can be achieved using digitalization. However, digitalization is predominantly available for city life. Rural areas or villages are often left out, because of infrastructure deficits. With enough infrastructure support, rural areas in developed countries have also faced social problems such as population drops. Therefore, a comprehensive solution regarding the use of digitalization to boost rural area development is needed. This concept is often called the digital village. This paper proposes a concept for managing and evaluating the development of a sustainable digital village. The concept is developed based on the reviewed aims, expected deliverables, and existing concerns in previous digital village implementations. To justify the model, management theories, practices and available technologies are also reviewed. The proposed concept for digital village management is also compared to the concepts of enterprise architecture and project management, to evaluate its usability. Sustainability evaluations are performed regarding the three-bottom line of evaluation and the use of ICT resources in the integration of ICT into human resource management (HRM) and supply chain management (SCM). A development model and evaluation method are also proposed to make sure that digital village development and evaluation can be conducted efficiently.

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The order of goals in financial monitoring: History and modernity

Sintsova

2022

Èkonomika i upravlenie

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Aim. Theoretical study of the development of financial monitoring in world and Russian practice, development of trends and conclusions about the development of financial monitoring and the impact of economic processes on it. Tasks. To analyze the development of financial monitoring in world and Russian practice, to consider the evolution of the object in the categories of the method “The order of goals”, to consider the possibilities of the impact of financial monitoring on the activities of an industrial enterprise, to study the basic state of financial monitoring. Methods. In the work, the author uses methods of generalization, comparison, critical analysis, tabular, categorical method — “The order of goals”. Results. The conclusion about the evolutionary development of financial monitoring is formulated. A list of trends in the development of financial monitoring in world and Russian practice has been developed, a conclusion on the change in financial monitoring has been formulated; recommendations for further study of financial monitoring for use in the industrial sector of the economy have been given. Conclusions. The conducted research shows that the development of financial monitoring can be compared with the change in financial management, the evolution of financial monitoring depended on an increase in the complexity of financial processes and the required assessments of the organization's activities, the results of the study will contribute to further study of financial monitoring.

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The role of financial management in the company

Cited by 5 publications

References 13 publications

Digital Technology Innovation in Improving Financial Access for Low-Income Communities

Digital Technology Innovation in Improving Financial Access for Low-Income Communities

Managing the Development of a Sustainable Digital Village

The order of goals in financial monitoring: History and modernity

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