The center focuses on applied research in best practices in accounting and financial management. It will work with local organizations to apply novel methods and techniques to improve and streamline management of their financial resources, including cash, inventory, and non-current assets.
Corporate financial management emphasizes capital budgeting, cash flow projection, the optimal cost of capital, sources of funding, and financial performance evaluation. The goal is to help either profit or non-profit organizations to identify financial problems, improve financial health, and to further increase revenues or profits by utilizing financial tools and software.
Corporate governance is aimed at protecting all stakeholders’ rights, satisfying stakeholders’ needs, and preventing any fraudulent activities. Corporate governance is composed of two parts: internal control and external control.
Internal control mechanisms include:
External control mechanisms include:
Corporate social responsibility focuses on having a positive impact not only on stakeholders but also on society, the environment, and marketplace. In general, corporate social responsibility is composed of the following six factors: community, diversity employee relations, environment, human rights, and product characteristics. Corporate social responsibility is essential for both profit and non-profit organizations.
Accounting, auditing, and financial reporting are essential to an organization’s growth and profit potential. As accounting measurements create an impact on an organization’s budget plan and resource allocation, the selection of data and accounting methods impacts an organization’s or even a public policy decision. Current approaches to accounting measurement and company auditing and financial reporting include cash flow measurement, capital turnover analysis, credit risk analysis, business risk factor analysis, macro and micro economic analysis, industrial growth analysis, financial risk analysis, and corporate financial performance evaluation.
