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what is financial management function?
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Difference between strategic financial management and financial management?
What is the similarity between financial managment and strategic financial managment
What are the contributions of economics to financial management?
The contributions of economics to financial management include its concentration of monetary activities which are essential to financial management. Economics is concerned with the interrelation of financial variables, such as prices, interest rates and shares which are also essential parts of financial management.
Is Management accounting starts where financial accounting ends?
Management accounting starts where financial accounting ends
What are the Disadvantages of management accounting function?
The management accounting function eliminates top management. With top management out of the decision process, the company may not be aware of many problems.
What are the components of financial information system?
Funds management, financial accounting, controlling
What is function financial management?
what is financial management function?
What is functional manager?
what is financial management function?
Discuss the Financial Management Function in organization?
F.m
Who performs the financial management function in the typical corporation?
Person that have knowlage.
Is Financial management a managerial activity?
Financial management is a managerial activity because businesses need to make high level financial decisions for every department to function. Financial management will determine when some loans need to be taken or what kind of financing options need to be upheld.
How does the Office of Federal Financial Management function?
under the control of the deputy director for management. A controller, who functions primarily in the area of financial management, heads this office and serves as principal adviser to the deputy director
List down the function of marketing management?
Marketing operations enables an organization to run the marketing function as a fully ... Marketing operations is about performance, financial management, strategic.
What is financial management decisions?
decision that increases the value of their shares, Thus while performing the finance function, the financial managershould strive to maximize .
What is the function of the corporate planning department?
Strategic Management - strategic planning; corporate performance through balanced scorecard; risk management; organizational excellence; alignment of methods of operations; polices formulation & implementation Financial Management - corporate financial policies, financial procedures, resource allocation; resource utilization; F/S & Management reports
What is The Financial Function?
financial function
What the relationship between financial management and management?
Financial management and management are closely interconnected and interdependent within an organization. Financial management is a specialized function that focuses on the planning, organizing, controlling, and directing of financial resources to achieve the goals and objectives of an organization. On the other hand, management encompasses a broader set of activities that involve planning, organizing, coordinating, leading, and controlling resources (including financial resources) to achieve overall organizational objectives. Here are some key aspects of the relationship between financial management and management: Decision-Making: Financial management provides crucial financial information and analysis that supports managerial decision-making. It helps managers assess the financial implications of various options and make informed choices that align with the organization's goals and financial sustainability. Resource Allocation: Financial management plays a significant role in resource allocation within an organization. It involves determining how financial resources should be allocated across different departments, projects, or initiatives to optimize their utilization and achieve desired outcomes. This aligns with the broader management function of allocating resources effectively and efficiently. Performance Monitoring: Financial management provides tools and techniques to monitor and measure the financial performance of an organization. It involves analyzing financial statements, conducting financial ratio analysis, and preparing financial reports to assess the organization's financial health. This information aids management in evaluating the overall performance and making necessary adjustments to ensure financial stability and growth. Budgeting and Planning: Financial management involves the development and implementation of budgets, which are crucial management tools for planning, controlling, and monitoring organizational activities. Effective financial planning and budgeting help management set financial targets, allocate resources, and evaluate performance against established financial goals. Risk Management: Financial management plays a vital role in identifying, assessing, and managing financial risks within an organization. It involves evaluating potential risks related to investments, capital structure, liquidity, and financial markets. Management utilizes financial information to make risk-informed decisions and implement strategies to mitigate financial risks. Communication and Reporting: Financial management provides financial information to management, enabling effective communication and reporting. Financial reports, such as income statements, balance sheets, and cash flow statements, provide insights into the financial results and financial position of the organization. Management utilizes this information to communicate financial performance to stakeholders and make informed strategic decisions.
Define public financial management?
what is financial Management reporting
