Strategic Financial Management Essay Example | Topics and Well Written Essays - 3000 words - 1

Strategic Financial Management - Essay Example Understanding current approaches to managing risk and uncertainty in the appraisal of capital investment projects require a deeper insight into the role of financial management in the modern business corporation. Unlike in the past when finance managers merely oversaw the accounting function, recent advances in technology changed the way business is conducted around the world, resulting in the radical transformation of financial management. Presiding over processes that cut across the business, financial managers set strategy, lead crucial change initiatives, and act as real partners in decision-making. The title Chief Financial Officer (CFO) indicates a bigger role for financial managers in ensuring corporate growth. They design ways to maximise shareholder value on a sustainable basis, not only to meet quarterly targets but to transform the corporation into a forceful influence on their industry, nation, and the world. In a globalising world where financial markets operate 24/7, the CFO has to know how to build world-class resource support that would keep the business sustainable. This requires the CFO to instil in the corporation a more positive approach to structural and process streamlining and risk management (Read & Kaufman, 1997, p. v-vii). Events in the past decade highlight the transition of the finance function into strategic financial management, giving emphasis to the importance of present decisions on the future of the business. The focus shifted from profits and into strategic issues of control and adding substantial shareholder value on a sustainable basis. In the wake of the financial scandals early this century, CFOs have focused on managing uncertainty and risk, working hard to avoid nasty surprises in financial reporting, ensure the firm’s conformity with laws and regulations, and sustain a strong credit rating. In fact, managing risk has become one of the most important functions of strategic financial management. Every business

The Statute of David Essay Example | Topics and Well Written Essays - 250 words

The Statute of David - Essay Example Commissioned by the Cathedral Works Committee in 1501, Michelangelo created The Statute of David, which was his testimony to the beauty of God’s creation. The sculpture was a representation of King David in the Bible. During the critical times of the Florence Republic’s threatening and powerful rival states along with their rival the Hegemony of the Medici Family, the Statute of David symbolized the defense of civil liberties. The Statute of David or â€Å"the Eyes of David† was later turned towards Rome. In 1873, the Statute of David was placed in the Accademia Gallery in Florence. The original location of the Statute of David was replaced with a replica of the sculpture. Michelangelo’s deeply spiritual faith to do God’s Will was an influence in his creation of the Madonna Della Pieta or the bust of the Virgin Mary. The sculpture was created for the St. Peter's Basilica in Vatican City. Michelangelo sculpted the compassion and serenity in the Virgi n Mary’s face. His purpose for the Madonna Della Pieta was to embody â€Å"the spiritual beauty of the infinite beauty of God.† The Madonna Della Pieta was Michelangelo’s testimony to his eternal love for God. The sculpture is a symbol of the Christian faith. Michelangelo’s spiritual obedience to do God’s Will influenced his artistic work. His spiritual faith allowed him to create many artistic masterpieces that influenced the Italian Renaissance. He created inspirational masterpieces for the world. He is Michelangelo di Lodovico Buonarroti Simoni, â€Å"the divine one.†