Fundamentals of financial management explained

By the word financial management we mean the process of planning and organizing of the financial activities of a company in such a way that it becomes easy to organize and control the activities and movements of the company in the profitable direction. It simply involves the application of the management principles in general for the proper utilization of the resources of the company.

Important investment decisions of a company include investing in fixed assets which is known as capital budgeting, and investing in current assets which is known as working capital decisions.

Another important field on which financial decision has to be taken by the management of a company is regarding the raising of funds from various sources. This decision should be based on the actual needs of the company and will include matters like the source of the money, the amount needed to be borrowed, and the terms of repayment which includes the interest rate and the period of repayment.

Another important aspect of financial management is to decide on the dividend to be paid to the share holders.  Usually the net profit is divided into two portions. One portion is given as dividend to the share holders at the rate decided by the company and the other portion is retained by the company as the amount needed for the future growth and diversification of the company.

Objectives of financial management

Financial management of a company is often concerned with the allocation and control of the finances of the company which was obtained as a result of the decision of the financial management. The important points in this regard are:


  • Arrange adequate funds for the company
  • Ensure adequate returns to the share holders
  • Ensure optimum utilization of the funds of the company
  • To ensure safety to the funds invested by the company
  • To ensure balance between equity and debt of the company

Functions of financial management

It is the duty of the finance manager of a company to keep an eye on the capital requirements of a company and provide whenever needed.  This is often based on the expected costs of production and income that will be generated from the products and the future programs and policies that can very well alter the financial condition of the company. The estimates so arrived at must be realistic and  capable of increasing the earning capacity of the company.

Once the amount is finalized it becomes the next duty of the financial management to decide the manner in which the required amount is going to be collected. This decision will be based on the equity capital possessed by the company plus the amount that has to be raised by other sources. The sources of funds for the capital of a company can be in the form of debentures or shares, loans from banks or financial institutions or public deposits. The selection process will be based on the merits and demerits of the source and the period of financing required

Another important aspect the financial manager has to consider is the investment of the surplus fund in profitable ventures that can ensure safety and returns as far as possible. This can be done in two ways.   A good portion of the surplus or the net profit can be disbursed among the share holders as their dividend and another portion can be utilized for the development of the company as well as for diversification of the company.

Management of cash

It is the duty of the finance manager to manage the available cash and its resources in such a manner that important matters like payment of wages, payment of bills pertaining to water, electricity etc are paid in time and the creditors are satisfied, the maintenance work is properly carried out and the purchase of raw materials etc are done in an efficient and appropriate manner.

It is the duty of the finance manager to plan how to procure and use funds at the appropriate time for the vital needs of the company. It is also his duty to enforce control over finance which can be done with the help of modern technique known as ratio analysis.   He is also the man to forecast financial needs and maintain cost and profit control.

Boiler Vs Furnace – Which One To Choose For Your Home Heating

Every year hundreds of people contact the nearest HVAC Company to get a new boiler or furnace. The question however lingers on – which one is a better choice for your home heating? With this being said, it is not wrong to say that when choosing between a boiler and furnace there are many things that you need to consider and understand between both to make a final decision.

HVAC Company: Boiler Vs Furnace Overview

One heats the air whilst the other heats up the fluid. One is involved in distributing the hot air through pipes whilst the other one does the job via air ducts. The comparison between a boiler and furnace is valid and pretty obvious as well. There are many differences as well as similarities amongst both. When it comes to repair, furnace repair is multiple times easier than the average boiler repair. This was a brief overview of both boiler and furnace in comparison to one another. Let’s now take a look at the boilers and furnace individually to get an insight into both better.

Traditional Boilers

Boilers have been a preferred option of heating system for the house for decades now. Particularly the older people of the family find it hard to replace their beloved boilers with any other form of heating system.

  • Boilers are preferred systems for internal heating.
  • It works on the basic principle of heating water or fluid and circulating the fluid throughout the house.
  • The fluid is circulated in the house via radiators or pipes
  • The heating temperature is easier to control when the heating is done via boilers. It allows to target certain parts of the house or premises as per need.
  • You will manually need to fill up the tank with water or fluid whenever it empties out. Boilers do not run on an automated setup.
  • In case of damage boilers are not easy to repair. You most likely will need to replace it to fix it.

Modern Day Furnace

HVAC Company keeps it no secret that people seek more furnace repair than boiler repair and this clearly indicates the popularity of furnace amongst the consumers more.

  • Furnace are the modern day, fuel and energy efficient heating systems.
  • They run on fuel or gas and are refilled whenever need.
  • They work on the basic principle of heating the air and then passing the heated air through air ducts inside the entire house to heat it up.
  • The furnaces are not only fuel efficient but cost efficient as well. It is easier for everyone to afford a high quality furnace to keep the house warm and cozy
  • In case of damage it is easier to find a furnace repair Mclean VA You will not need to replace it right away which is only an additional cost.
  • There are simple and basic thermostat that are attached to the furnaces that make it possible to regulate the temperature and turn the furnace on/off as per need.

What is the online business model?

For some people online business is a dream as they know that they can enter into this business field without much capital and reach respected position there without much effort or strain. Unlike many other business models, online business needs flawless business plans that chalk out the manner in which you are going to enter into online business.

One thing is sure; you are going to sell services or products online whether it is stuffed toys or weight loss information. The business models you are going to implement in enticing online buyers are crucial in the success of the online trade. Some business models that are suitable for online business men are given below.

Here are different online business models for you to choose from. Choose the most suitable one for your dreams and get started making money online.

E-Commerce site

In the classic e-commerce sites there will be online catalogues and shipping carts. EBay,
Amazon etc are some of the most popular online selling platforms where you can make an entry by simply logging on to the site and giving your email id and some other details like your social security number, house address etc. By using “prefab” online store one gets the advantage of hosting, internet merchant accounts and online payment options without any botheration or without need to make any payment. Multiple payment options, colorful easy to use catalogues etc are the other advantages of online platforms for e-commerce.

Sales letter eCommerce site

These days websites play the role of pitching, like infomercials on television. Unlike infomercials in television these pitching are long on letters and short on visuals. If you are   a regular website visitor you would have often got opportunities to see how these pitching works.  Sometimes it starts asking the viewer” would you like to get buffer sale of 50 %”. The first word itself catches the attention of the viewer and he gets involved in it.

From then onwards he is persuaded to use the scroll button to view additional details one by one. As you scroll downwards special offers are unleashed. If you have any plant to start an online business, do not be hesitant or run away from using these types of  business model if it is suitable for your product or service. Tricks to success in this business model are sincerity and well designed and specially crafted pitching.

9 Effective Ways To Reduce Construction Cost

While constructing your dream house or any other building, planning is more important than anything else is. A smart plan includes cost, quality, material, labor, transportation, crane rigging and much more. Here are a few ways that will assist you in constructing wisely by reducing cost.

  1. Pick the Location Cautiously

To choose affordable location is wise but don’t do this thoughtlessly. You may be in a more advantageous position if your location is not just cheap but also has a strong possibility to experience development in the future. Don’t buy the land if the level of the plot is lower than the level of the road. The reason is that you have to disburse more money for buying materials to fill the land. This increases your construction cost. After picking the plot, make plan for crane rigging for saving your time and money.

  1. Muse Formed Technology

If you are holding a giant project of setting up 100 bungalows then you can pitch on formed slabs. Constructors use the precast slabs as walls during construction. If you are not holding a big construction project, then don’t choose this. Contact also to a reliable company who have crane for rent on low rates. This will make the task of lifting objects easier and cheaper.

  1. Hang onto Simple Design

If you wish to decrease the cost of your construction, you should avoid custom designs. You can choose a small floor plan with an oblong or square design. This type of plan will consume less time, money and fewer materials. This thing forces your construction cost to reduce. If your goal is a low-cost house, think about lessening the number of rooms in the house. It will leave you with a reduced area, brings your budget down for building materials, consequently, dropping your allover construction cost.

  1. Storing of Building Supplies

The way you store your building materials is also an important thing. If you don’t give attention to where and how to store your material, you can allow your construction cost increase. During construction, cases of laxity and stealing have put homeowners in a situation where they have to spend more than required.

  1. Utilize the Same Flooring & Painting Supplies

You disburse less on construction when you purchase in bulk. This is the reason why you should use the same painting and flooring materials in the full house. This will also make you amend labor input. For instance, rather buying five diverse paint of different cost, you can choose two colors and purchase them in bulk. Choose weather-coat paints for outer parts of the house because this will minimize your maintenance cost. You should apply the same to your flooring material.

  1. Buy Building Material from Nearest Spot

You should get most of your material from the point that is closer to your site. This will end up your spending and cut your construction cost by 15%. Moreover, your building material should not be costly and branded. Just gamble on the advice of trusted expert. Don’t forget to communicate the people who have crane for rent in order to save your time.

  1. Visit the Construction Spot

During construction, you should not stay away from your construction site. If it is not possible for you to physically present there due to some reason, allot this responsibility to someone who is trustworthy. Unanticipated and steady visits to your construction site keep the construction team alert. You should also contact a good company who gives Crane for rent. It will prove a great tool for not only loading or moving material but also saves you time and money.

  1. Background Check of Professional

Before deciding about any professional while constructing your home, carry out a background check on his record of accomplishment. You should try to speak to clients he had serviced in the past. This background check will save your valuable time and money.

  1. Cool Technologies

Prefabrication technology not only save time but also promises savings. Just hire trustworthy contractor who can assist you in this regard. For achieving larger percentage of accuracy, modern construction techniques are expedient. Crane for rent dc is also a smart and cheaper way to roll, lift, slide or raise objects at construction site.

Exciting Options for Shutter Materials

When shopping for shutters, it is important to check the shutter materials. There are now a lot of great materials you might want to consider although the choice which works best for you must be chosen with care depending on what you will be working with.

Wood shutters

Wood is regarded as a staple material which can work for practically all types of shutters. This can be painted, stained, and sealed in various forms. Wood can also be cut in numerous ways. You just need to check it on a regular basis to see if the materials are not warping, fading or wearing out from the different elements.

Laminate shutter

Laminate materials offer a serious of thin slats of lumber affixed together to form a sturdy body. It usually makes use of glue to keep things together. There are instances when slim paper sheets are being painted then affixed with glue. It is best for areas with precipitation since laminate materials can do really well when it comes to handling rain.  You still need to maintain it in the similar manner as you handle wood when it comes to stains and colors being used.

Engineered Wood shutter

The engineered wood is very different as to how it makes use of a series of joints combined together. It entails a lot of wooden parts secured as one in a single simple body. This forms a sturdy look which adds a nice style. This can be painted in numerous forms although it cannot be stained since the joints will show up at this point.

Metal shutter

Metal is great as it offers a sturdy body although it can chip or dent easily. See to it that you check how metal is being coated so it will not buckle or warp.

Foam Synthetic shutter

Foam synthetic materials are ideal for use for creating a body similar to wood featuring a synthetic metal surface with foam interior. Foam is applied to absorb cold, heat, and wind alike. This can be useful in areas with strong extreme temperatures but these are also heavy and tough to use and close in some instances.

PVC shutter

PVC or polyvinyl chloride is a hard vinyl surface which is heavily reinforced. This provides a serious of tiny connecting rods on the inside for keeping the shutters together. This is a famous choice for custom window shutters as this can handle the UV rays of the sun and can be recommended for areas where the sun is rather bright.

6 Warning Signs Of A Bad Dentist

It is recommended to see a cosmetic dentist, twice a year to keep your teeth in optimal shape. However, sometimes you don’t know the professional caliber of a dentist.

Cosmetic dental treatment

Imagining worst case scenarios: A dentist may ask you to perform fake tests, in order to fill his pockets with money.

Know about dentists

  1. Body Language

Body language is important in any profession. See if the person, talking to you fails to make a good eye contact, has trouble speaking and provides shallow reasons for his argument.

You can also test up his knowledge and see how well he knows his profession. While not a 100% secure way, you can determine the serenity of his professionalism via body language.

  1. Undue Roughness

Arguably there are some dental procedures, which are rough in nature. But, if every procedure seems rough to you, chances are he’s not able enough to perform painless procedures on his clients.

If this happens once or twice, do remind him to be gentle. If the problem persists, it is time to say goodbye and find people of reliable family implant dentistry.

  1. Charging Unnecessarily

There are many “people” who give dentists a bad name. They, along with their horrid staff, may extort money in the form of costly procedures. Procedures include unnecessary tests, undue clinic visits and advance payments.

A member of a good family implant dentistry is someone who discusses fees and payment plans with his clients, in advance. If your dentist only cares about his share of earned money instead of your health, chances are he is not a good dentist.

Be open with your cosmetic dentist and ask important questions regarding payment plans. Also, consult more than one dentists to find the best option for you!

  1. Bad Bedside Manners

Being good in profession is one thing, lack of code of conduct is another. Despite everything, if your cosmetic dentist is spitting near you, poking finger in his nose, making too much noise in the clinic and your clinical staff is making silly mistakes, they are simply not important enough for you to invest your hard-earned money in their clinic.

  1. Lack of Cleanliness

Many infections are contagious. If you visit a dental clinic and witness dirty sanitary conditions, it is time to get up and leave.

If you are not careful, you might catch harmful diseases from the surroundings and dirty dentist gloves may do more harm than good. Especially check their nails, their professional conduct and especially the teeth of dentist.

  1. Lack of Associations and Certifications

Family implant dentistry recommends good dentists who have taken valuable courses regarding oral cavity and mouth specialization. He is also a part of major associations, which solidify his profession.

Some known associations include American Dental Association, American Academy of Cosmetic Dentistry and National Dental Association.

While these associations may not prove anything, the associations prove the dentist is serious enough in his profession to invest in associations.

Types Of Hip Surgery Procedures And How You Should Prepare For It

Pelvic girdle is very sensitive part of human body. Lifting heavy loads, slipping in washrooms and suffering from a fall in old age are some of the most common causes of hip replacement procedure.

All you need to know about hip replacement procedure

As per advices of professional hip surgeon, here is how you should prepare yourself:

Pre-Admission Hospital Procedure

Most hospitals take some tests in order to determine whether you really need the hip replacement procedure or not.

They take X-rays of your hip, urine samples and a blood sample to check the optimum working of your kidneys. In some cases, they take ECG of patients to determine the health of heart.

If you feel any pain or have any sort of questions, now is the good time to ask with your doctor.

Going into Hospital

Once you go into hospital, know that there are two ways to undergo the hip replacement procedure. We will get into details but know that it is up to hip surgeon to either sedate your specific body part, making you unable to feel any pain while seeing the working with open eyes or they can put you to sleep (via anesthetic treatment) and then operate on you.

Before operation, they will sign a consent form and feed your joint history to database of AJRR (American joint replacement registry)

Types of Hip Surgery Procedures

There are two types of hip surgery procedures:

  1. Total Hip Replacement

It is the most common used hip replacement procedure. As the name indicates, your femur (part of thigh bone) along with femur head (hip ball) is replaced through synthetic femur and femur ball.

The part of your body where the new artificial hip will be inserted is initially roughened so that it can accept the new synthetic component.

There are two cases in total hip replacement. If your bones are strong and healthy, your hip surgeon may insert it without any substance, as bones are tough issues and they tend to repair over time.

For older people, their hip surgeon may add acrylic cement so that the new part is fixed.

There are also cases of a hybrid hip replacement surgery, in which one part is left untouched and the other has acrylic cement to hold on.

  1. Metal On Metal Hip Resurfacing

Instead of replacing the whole hip, a metal component is coated on both ball and socket place. People who undergo metal on metal hip resurfacing have a better chance of physical recovery and chances of joint dislocation are decreased.

The con side of metal on metal hip resurfacing procedure is that sometimes, metal particles start leaving the joint, getting released into the body. They may produce inflammation and have unknown effects on you.

As compared to conventional hip replacement surgery by hip surgeon  Woodbridge, VA  , metal on metal hip replacement technique has more complication as well as early repeat surgery rates. Metal on metal hip replacement technique is also not suitable for people having osteoporosis and low bone density.

Cleaning Your Ice Maker

When you have a lot of appliances at home, it can be easy to forget about them and neglect their cleaning. Ice makers are not exempted from this because they get overlooked a lot in terms of regular cleaning and other tasks for maintenance. When you have to go get some ice from the machine, you might not wonder about the last time you cleaned, and you may even not realize that the quality and taste of your ice has decreased. If in case you need to get it fixed, there is a commercial ice maker repair company that you can call to get it running smoothly again. Before you result to this, here are tips on how to clean it:

All you need to know about commercial ice maker repair

You do not want to see scaly deposits coming out of your ice machine because that would be gross. Having that stuff or anything else on your ice is unappetizing that is why you have to clean it once a year or more than that if you are in an area that has hard water. Moreover, you should dump out the ice bin every several months to throw out the cubes with unwanted odors.

You need to use warm water and detergent or soap to wash the exterior enamel surfaces and gaskets, then, wipe it dry. It is recommended that you use a clean or micro fiber cloth to get it polished and dried. If you use paper towels, you might scratch or make the painted color become dull. Using a good appliance polish and cleaner is helpful for protecting the finish of the ice maker.

Type of Ice Maker it is

Some ice makers may require you to do manual cleaning, while there are those that have a built-in automated system. A unit that’s portable is different from a built-in, and this is why reading the owner’s manual that came with the ice maker is a wise thing to do. Each type of machine will call for different steps during cleaning. The manual should give you information about whether your machine comes with an automated system or not, which can make the process change. If you are in doubt, just follow what it says in the manual’s instructions in terms of cleaning recommendations.

To avoid damaging the finish of the refrigerator, do not clean it with a scouring pad, harsh cleaners, or abrasive ones. Any cleaning product that has chlorine bleach, was cloths, steel-wool pads, or particular paper towels should not be used for cleaning any stainless-steel surface.

Do no worry because you do not have to unplug the freezer for too long, and the contents will not spoil. This is crucial because it means that while you are cleaning it, the machine will not produce ice and this keeps dirt from entering places.

Gather things that you will need to clean the ice maker. In a lot of cases, all you need to have is a good ice maker cleaner and a soft rag. Regardless if the machine is built with an automated system because the manual may tell you which ice machine cleaner to use. Nickel-free cleaners work well for a lot of machines. The variety of accessories and cleaners available is big and they are helpful in getting your ice maker get back to its original condition.

If you decided to follow the manual, you will know how much solution to use for cleaning. You should see a chart that gives you the right ratio for every product line there is. Generally, the ratio would be 1 gallon is to 16 oz. of cleaner. This could depend on the buildup of mineral in the ice maker and how much needs to be cleaned.

Remember that an ice maker is also an investment. Cleaning and maintaining it will keep you from calling the commercial ice machine repair Falls Church company to fix your machine all the time. You will also save on repair costs and having to buy a new 1 so soon.

Top 5 Things Mercedes Owners Should Know

It is not uncommon for you to look for fix my Mercedes Benz car services if you own one of the auto cars! But how much do you know your car so far?

All you need to know about Mercedes Benz

Mercedes Benz is a luxury car and of course everyone dreams to get behind the wheel of this lush vehicle. But how much are you familiar with the car? Read ahead in this article to explore.

Paying for Car and Luxury Benefits

When you purchase the Mercedes Benz on full cash down payment, you are not only investing in the car but are also getting access to the follow up luxury services like free car washes and vehicle parts such as for the tires. It is important to remember that this benefit is only for the people who buy the car on full cash payment and is not valid for lease of installment buyers.

Loyalty to Mercedes Brand for Car Parts

Once you buy a Mercedes Benz, you are bound to stay loyal to the brand to. Experiencing car problems is common but the only way to fix my Mercedes Benz when something breaks or damages in your car is to exclusively get the original part of the car from Mercedes itself. You can surely get spare parts for easy purchases from the brand but the sad part is that this can be a very pricy fix. Unfortunately, you not get just ‘any’ ordinary car part for your Mercedes as it won’t be able to serve the purpose.

Mercedes Car Maintenance Is Crucial

Mercedes is a very pricey car to buy and even pricier car to maintain. In fact, it is repeatedly said on multiple occasions that buying a Mercedes car is easier than maintaining it (and this is huge since buying is not exactly a piece of cake as well). So, it is ideal to never push maintenance to the last extent where you will actually either have to pay a fortune for car fixes or say goodbye to the Mercedes. You don’t want it to seriously mess up. Hence, the ideal time duration you should wait to get your car serviced by a good independent Mercedes Benz service till your Mercedes completes drive on 10,000 miles.

Discuss the Car with Experts in Showroom

It is always best to talk to the showroom and discuss the car you buy at time of the purchase. The people at the showroom are the car experts who are always there to help you in the best possible way. They are known as ‘experts’ because they know more about the car than you and I would. Hence it is best to discuss the car and ask all basic things at time of purchase. This saves you from a lot of trouble in the future to come.

Value Your Car Battery

Your car battery is a prized asset because Mercedes car batteries are much exclusive. You need to realize that getting a new battery is almost like paying for an open-heart surgery. So, you should never let that point come. According to an independent Mercedes Benz service center alexandria va, the average time duration a Mercedes battery lives is 5 years. You need to get the battery tuned.

Hair Transplant Procedures – Choose the Best Option for Your Needs

Different hair transplant procedures are now introduced in the market to help people address their hair loss concerns. Hair loss is a very natural and common process that a person goes through at least one point in his or her lifetime. This is often the result several factors like aging, family history, hormonal changes, and others.

Hair transplant procedures

There are a few medical procedures to help you get your hair back, with the most common one involving the transplant of hair. This kind of surgery is being performed and supervised by plastic surgeons. This is also considered as an effective tool to restore a youthful look.

Types of hair transplant surgeries

Here are several procedures to transplant hair which are available through surgery:


The transplant surgeries of hair are done once the recipient is put under local anesthesia. Graft procedure is mainly composed of removal of a part of the scalp as well as the insertion of thousands of strands of hair into this section of the scalp. These strands are then kept healthy during the session with the help of periodic saline injections. After the transplant is finished, the part of scalp with healthy hair attached to it will be reattached through surgery and given enough time for self-healing. Several sessions of the medical procedure for getting hair back is needed so that the scalp will heal completely.

Tissue Expansion

In tissue expansion, a tissue expander that resembles a balloon is placed below the scalp area which grows healthy hair. In a span of several weeks, the tissue expander will then be filled with salt water to allow the expansion and stretching of the tissue. The result is the expansion of the hair bearing tissue which can be grafted with ease once an adequate amount of stretching has taken place.


Flaps are considered as a much better procedure for hair transplant bethesda md compared to grafts or other kinds of procedures since these can cover a bigger area on the scalp, not to mention that this is also faster. Through this particular procedure, the bald spot on the scalp is removed through surgery and followed by the stretching and tethering of healthy hair on the spot where the bald scalp has been removed. However, there could be some scarring involved with flaps unlike with grafts wherein most bald scalp areas are covered with the healthy hair. Thus, there is a more decent chance that hair will cover obvious scarring.