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This includes different parts of the business plan, for example marketing and sales plan, production plan, personnel plan, capital expenditure, etc. These all have financial implications for the financial managers of an organisation. [1] The objective of the Financial Management is the maximisation of shareholders wealth.
This is a list of abbreviations used in a business or financial context. ... $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600 ...
In order to maximize the economy of handling and shipping of containers on a container ship, stowage plans, [1] sometimes known as bay plans, [2] have become essential in the shipping trade. The plans are also vital for safety on board the ship and it is recommended that personnel working on ships are familiar with them.
A financial plan can also be an estimation of cash needs and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company. [3] Note that the financial plan may then contain prospective financial statements, which are similar, but different, to those of a budget. Financial plans are the entire ...
The S&OP process includes an updated forecast that leads to a sales plan, production plan, inventory plan, customer lead time (backlog) plan, new product development plan, strategic initiative plan, and resulting financial plan. Plan frequency and planning horizon depend on the specifics of the context. [1]
Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. [1]
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.
IACS is a non-commercial, technical collaboration association to establish, review, develop, and promote minimum technical requirements in relation to the design, construction, maintenance and survey of ships and other marine related facilities and to assist international regulatory bodies in the development and interpretation of statutory regulations to help ensure their universal and uniform ...