Importance of Financial Management

sunandaC

New member
Financial Management is essential in both profit and non-profit organisation. The financial management helps in monitoring the effective deployment of funds in fixed assets and in working capital and ascertaining how the company would perform in feature, sound financial management is indispensable for any organisation. It helps in profit planning, capital budgeting, measuring cost, controlling, inventories and account receivable etc. Finance Management essentially helps in optimizing the output from given input of funds.
 
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