Financial Management Best Practices
Best Practices, LLC has conducted extensive research in the field of Financial Management. Browse through and sample our published Financial Management research in the topics below:
| |  | Resource Allocation and Budgeting -- An Integrated Model with Key Findings and Lessons Learned from Survey Participants.
Introduction
Best practice research underscores the fact that every organization faces the
same essential resource allocation challenge: "How can an enterprise best
allocate limited resources to optimize economic returns and to best meet
business objectives?" However, resource allocation concepts, skills, tools,
processes & models go by different terms in different industries. Moreover,
best practices reside in different parts of different organizations.
Consequently, the best practice documents in this database review multiple
industries and consider all areas where skill resides.
A "broad band width" of companies have developed tools, techniques and
operational excellence in different aspects of resource allocation.
Interestingly, few organizations have stand-alone resource allocation
processes. More commonly, resource allocation systems are embedded into the
core operating areas of the respective companies and industries ...
SG&A Expenses: Introductory Key Findings
This document introduces the concept of Sales, General and Administrative expenses and describes how executives are seeking to understand and mange such costs. SG&A is traditionally seen as “sunk,” white-collar expenses that are relatively simple to track but difficult to manage. In the era after reengineering, SG&A has increasingly represented a key indicator of corporate health. While global competition and tight job markets have put upward pressure on non-manufacturing costs, shareholders have pressed corporate officers to hold the line and keep SG&A low. Executives have responded by working to innovate and improve processes not only to demonstrate better numbers, but also to actually improve overall performance.
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