You’ve probably heard the words “financial management” thrown around at your credit union. You may even have some familiarity with the subject. Financial management isn’t an easy skill to master, however. Perhaps you’ve been left feeling like it’s better to leave fiscal strategy to someone else. After all, long-term financial decision-making isn’t your responsibility. That’s …
Financial Management For Large Families: Tips To Keep Your Family’s Finances On Trackaving a large...
From monitoring cash flow to tracking KPIs, here's how your business can get better at financial management
Brew Your Skill & NetworkGoose Island and HFI Consulting proudly present Brew Your Skill & Network. Network amongst professionals while you advance your core business skills. This session allows business owners, executives, and associates to learn/refresh every day business skills while networking with other professionalsThis Month's Skill - Financial Management:Take control of your finances so you don’t look back at the year and…
5 Techniques for Strong Financial Management By: Teresa Beck, Financial Services Strong financial management systems support good business. Financial management does this by ensuring stakeholders can understand how well an organization plans for and uses their financial resources. Let’s take a look at 5 of ASG’s best practices for financial management within an organization. Consistency... Read more »
Budgeting may not be the most exciting topic. But it is something that has a huge amount of value for credit unions and their members. Let’s break it down from a member’s perspective. Advocacy First of all, encouraging your members to use the Personal Financial Management (PFM) solutions you provide (whether you provide them in …
There is no one person responsible for financial management and reporting in a nonprofit organization. But different individuals and groups have important and specific roles when it comes to nonprofit financial management.
Requirements under Section 385 Intending to deter corporate tax inversions, the U.S. Treasury Department issued proposed regulations under Internal Revenue Code section 385 in April 2016. The new rules determine whether an instrument is considered debt or equity, or a combination thereof. As there are negative implications to treating intercompany loans as equity, finance teams…
Automated financial management is key to running an efficient business. Are you on top of your numbers game?
3 Keys to ProfitabilityEntering a new year often means making New Year’s resolutions. While losing weight, traveling more, or learning a new skill are great resolutions, what about your business? If you want your business to continue to succeed it is important to have business resolutions as well. One resolution or goal every business has is to keep the company profitable. Earning a profit is important because profitability is essential to a company’s...