Business, Management and Accounting
7 years ago

Boosting Business Success: Financial Management Strategies Drive Profitability and Growth

Research Journal of Finance and Accounting
The Impact of Implementation of Finance Management Functions and the Concept of Economic Value Added (EVA) To the Development of Business Operational Performance
Ibrahim Hafid

Paper Summary

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The article shows that using financial management functions and Economic Value Added (EVA) can help improve business operations and increase profitability. By applying these theories, a company in Indonesia saw a rise in net profit from 2011 to 2015, reaching its highest point in 2015. This was due to effective management of capital costs and an increase in EVA value. The key to success lies in proper planning, activities, and supervision, along with continuous evaluation.