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Archive for the ‘Financial management’ Category

Proper financial management of an enterprise through a system of analysis, forecasting and operations. It happens very often that business, administrative and commercial companies ask me about the intervention priorities and actions to be put in place to improve financial management in the era of the Basel 2.

Rather than thinking about what I thought about doing a guide, and also things not to do. We see the key points.

1. Know the rating of Basel 2. Each bank calculates the rating differently. Know the ratings, so the assessment that the bank is holding, is the starting point. Understanding the changes in the rating category over time and whether any changes are to furnish financial information or all’andamentale to the system;
2. Monitor the Central Credit Register. Another starting point is the risk of central bank of Italy. In an increasingly complex system there are “false reports” or anomalies. In these cases it is possible to work with writing in reply;
3. Check the balance of the budget. The proper level of capitalization and the ratio of debt to short and medium term. In substance, look at the balance sheet liabilities than assets and their correspondence. The property must be “covered” by the sources of long-term financial and equity;
4. Consider the business risk. There should be elements that characterize and mitigate the risk: the monocommissioning, the high risk of the loans, not self-liquidating indebtedness, risks related to currency movements in the sector, etc.. Eliminate all risks is impossible (not a company) but it is necessary to mitigate them;
5. Assume, again, debt restructurings. The debt restructuring is an action that leads inevitably to contain capital costs. The first step in restructuring is to analyze the real needs of the company, the second is the update of the conditions applied by banks on credit lines; Read the rest of this entry »

The news in recent months on fluctuating world economy were thrown into turmoil and concern millions of people and families. In an economic environment like we are experiencing at this moment, it becomes imperative to improve the management of individual and family finances. Church authorities have prepared brochure “Prepare everything you need: The Family Finances” to help members manage their resources.

Richard W. Ebert Jr., director of ‘Employment Resource Services of the Church of Jesus Christ of Latter-day Saints, said “Financial problems are the source of much unhappiness and are certainly an important factor in the difficulties and professional double. If unresolved, these problems can lead to debt and divorce. “

Knowing what the Church leaders for years advised its members to prepare for difficult times, seeking economic stability and avoiding financial problems. Recently, the General Authorities of the Church have published the brochure “Prepare everything you need: The Family Finances” to help members manage their resources.

In the brochure the First Presidency recommends that families:
Prepare [KETTLER] to adversity while controlling your finances. We encourage you to spend in moderation, controlling purchasing to avoid debts. You pay your debts as quickly as possible and free yourselves from this bondage. Save regularly a bit ‘of money to gradually build up a savings fund. “

The site also offers families the following guidelines to become more responsible financial point of view:

1. Avoid debt. Learn self-control and spend less than you earn, saving money to buy what you really need. Avoid debt or long-term loans except for primary expenditures, such as education or buying a modest home. If you have debts, try to repay as soon as possible. Read the rest of this entry »