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Finance ManagementAccountingAcademic Content
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Financial management gives pathways to reap goals and targets in an employer. The important responsibility of
a economic supervisor is to measure organisational efficiency through right allocation, acquisition and
The importance of financial management is explained under −
- It presents steerage in economic planning.
- It assists in acquiring funds from unique assets.
- It allows in investing the ideal quantity of finances.
- It increases organisational performance.
- It reduces delay manufacturing.
- It cut down financial charges.
- It reduces cost of fund.
- It guarantees right use of fund.
- It enables enterprise firm to take economic choices.
- It prepares guideline for earning maximum profits with minimal cost.
- It increases shareholders’ wealth.
- It can manipulate the monetary aspects of the commercial enterprise.
- It presents statistics thru financial reporting.
- It makes the employees aware about saving funds.
Published on 06-Aug-2020 08:14:44
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