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Digital Financial Resources Management is a business module that describes the craftsmanship required to manage today's financial resources through an all digital processes and mechanisms of infrastructural support, a converging of institutional framework, and a global cloud of statutory guidelines beyond what used to be left in the bag of bookkeepers. Managing financial resources of the prevailing enterprise for prudential frugality in an online world is demanding in documentation, timeliness, justification, standards, compliance, submissions, tools, and digital skillsets to control the five critical areas of assets, liabilities, capital, revenues, and expenses.
This book shows that everything accounting in a digital world can be confined to ledger cycle, revenue cycle, expenditure cycle, and conversion cycle. Then comes the icing on the cake with electronic payments and migration to ISO 20022. Its no longer whether digital finance will prevail but that it is the de facto mode of keeping the books and of transactions right now.
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