International accounting and finance Essay Example | Topics and Well Written Essays - 4000 words

International accounting and finance - Essay ExampleInternational companies wager a huge role in the global company and can have a omnipotent influence on the prospects and performance of several economies, especi eithery those that are directly influenced by its transaction trading operations and decisions (Ray Whittington, 2007).Irrespective of their nature of operation, both domestic as well as international companies rely on the efficient management of their financial resources, wherein the financial management of the company can be defined as the management of the financial resources of a business organization so as to guide it towards the achievement of its financial objectives (Arthur Andersen, 1977). In this aspect, there are a few aspects, which are entirely applicable irrespective of the sports stadium or extent of operation of the company. With a view to improving the prospects of commercial business as the backside of the structure for the organization, the key obj ectives of managing the finances of the firm are to primarily generate revenue and profits for the business apart from ensuring the liquidity levels within the business. In addition, it is also necessary for financial management to provide the need strategies to help generate a healthy return on investment by assisting in identifying and mitigating all the risks involved in conducting the business by putting in a certain set of resources. In this respect, financial management is achieved for any firm through three main sections.Planning in parliamentary law to fund business operations, the management needs to be sure of the amount of funding available and the sums infallible to aid the needs of the business. Funding is required to invest in the company, its infrastructure, human resources as well as assist in the sales made over the credit (Barry Epstein, 2001). For longer terms, funding is also required to enhance the levels of productivity