Finpoth - Finance And Business Consulting

Business Economics team—those whose expertise lies in managing the financial aspects of projects and the clients' business. Other consultants are involved as appropriate, and their specialized expertise may be crucial to the success of the project, but professional consultants in non-financial fields are unlikely to also have the skills required to manage the financial risks of a project.This is not to underestimate the value of the other specializations, just to recognize the immense complexity of both the fields and the mastery of the implications of decisions made within them. The skills required to manage the financial side of a project in the cost consultant, such as one conceptualizes him or her, range from the basic understanding of business economics to investment and risk analysis, allowances for the time value of money, sufficient skill in accounting to ensure that the correct cost data are recorded and compiled, the ability to prepare cash flow forecasts, and sensitivity analysis. For some, even the ability to produce a profit and loss statement and approve or challenge a client's accounting principles. Plus, subtle skills such as the influence of different kinds of business contracts on the whole range of monetary implications, delivering advice presentations, the ability to draft robust business correspondence, and the ability to survive the battle of meetings.

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