Financial Management and Financial Analysis
Did you know that the absence of sound financial management and financial analysis could result in fraudulent activities not detected in a timely manner. This can cripple the organization's objectives and threaten the viability of an organization?
How can financial management and financial analysis help your organization?
Financial management and financial analysis are important as they help the owners of the business manage the company's resources in the most efficient ways to maximize output.
Financial management and financial analysis helps with:
- financial planning by determining the necessity of each business concern that has a financial impact
- safeguard and protect the business funds
- allocates funds in an efficient manner
- ensure that the right investment opportunities are capitalized on
- helps with tax planning
- helps business growth
