FINANCIAL MANAGEMENT

/ INFORMATION AND COMMUNICATION TECHNOLOGY

MANAGEMENT

presented by;Jasmin Madriaga

Ron Michael Sumaoang

FINANCIAL MANAGEMENT
 financeis considered the “lifeblood of
business” since organizations need
financing to meet their sales
requirements and sustain
operations.finance is defined as the art
and science of managing money.
FINANCE MANAGER
 that supervices all finance operations . finance managers
raise funds, invest in assests, and manage them effectively in
an economically unstable environment.
 the head of the finance department in large companies is called the
chief financial officer(CFO). the CFO reforts directly to the president
of chief executive officer (CEO).the finance department i composed of
finance personnel that include the treasure and controller. The
treasure is mostly inolved in major areas of financial management
such as investment, financing, and asset management. treasures are
responsible for overseesing budget requirments and assesing
investment opportunities and risks. They also implement strategies
for capital ivestment.. the controller is tasked with preparing financial
reports such as income statements, balance sheet, and cash flows .
 Finance managers direct the activities of there finance department
and are responsible for making major financial decisions for the
company.
 Investment decision- This is the most important financial decision

because managers have to determine how much of the total assets

should be held or utilized by the firm and how these will be used by
the company .
 Financing decision - Finance managers have to decide what type of

financing should be availed of by the company . The company can

use its existing asset, borrow, or sell share of stock. When the
company decides t avail of loans to finance its operations ,finance
managers determine the amount if the loan, set its interest rate, and
define the terms of payment.
MATERIALS AND PROCUREMENT MANAGEMENT
 Procurement is the act of purchasing goods
and sevices for company use. Companies
usually have a separate department for
procurement, which is called the pruchacing
department. This department is charged with
the acquisition of materials and resource for
the different departments in the organization.
 Purchasing managers or procurement managers supervise the
procurement process of the company.The evaluate and approve
requests for acquissition, and ensure that materials purchased
are of good quality and purchased at competitive prices. Buyers
or purchasing officers,meanwhile, acquire specific products
and services required by the company.

 Wholesale buyer isa type of buyer who purchases merchendise

for resale to retailers and other firms like supermarkets and
convenience stores.
Competitive bidding in the
procurement of materials and
services. This is the process where
prospective suppliers submit their
bids which indicates their
willingness to provide product and
services to the company at certain
prices.
OFFICE MANAGEMENT
Office management involves the proper
handling and maintenance of the clerical
aspect of the functional department of
the organization, as well as the
facilitation of proper communication,
coordination, and storage of data.
 INFORMATION AND COMMUNICATION
TECHNOLOGY MANAGEMENT
 Information technology refers to the application of computer and
telecommunications technology to store, manage, and transmit
data in businesses and other organizations. Implementation of
technology in imformation management requires creation of
organization systems to handle data specific to certain
organization. Information Systems are organized systems or
network that collect, store, and disseminate information required
to support key organizational functions. Collected data are
processed by the systems through three basic activities: input,
processing,and output. From a business standpoint,an
information system provides another option for a firm in solving
problems and overcoming obstacles faced by their organization
 Sales and Marketing information system is engaged
in sales forescasting pricing analysis, and order
processing. The system is also in planning for
facilities, location machine control, and production.
 finance and accounting Informaton system monitors

the company`s assets and fund flows, and is

indispensable in budgeting ,accounts receivable,
and financial planning.
 Human resource system keep track of employee

records, skills, performance and training, and

utilized in compensation analysis, training and
development, an d human resource planning.
Informationsystem managers take
charge of establishing an information
system managing its components and
programs, and rendering technical
support to the various department in
the organization . Their tasks include
softwareand hardware management,
networking and internet maintenance.
One kind of information system software
implemented in business organizations is
the enterprise system which integrates the
key business processes of an organization
into a central repository. Data gathered
from the different functional areas are
maintained and can be accessed and used
by other functions. Information can be
share across departments to improve
efficiency and coordination.