answersLogoWhite

0


Best Answer

With study of financial management, we can protect our business from pre-carious mis-management of money.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Significance of financial management in present day context?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

For management movement to develop it is essential that there should be empahsis on participative management analyze this statement in the context of present management scenario citing examplex?

"For Management Movement to develop it is essential that there should be emphasis on participative management." Analyze this statement in the context of present management scenario, citing examples.


Analyze in present management scenario whether For management movement to develop it is essential that there should be emphasis on participative managemen?

"For Management Movement to develop it is essential that there should be emphasis on participative Management." Analyze this statement in the context of present management snenario, citing examples.


What is the difference between What is the difference between financial accounting and management accounting?

Financial accounting is used to present the performance and financial statements to third parties while management accounting is used for company's internal working purpose.


Why is it important to preserve the context of artifacts?

Preserving the context of artifacts is important because it helps provide insights into their history, use, and cultural significance. Understanding the context helps researchers and historians interpret the artifacts accurately, leading to a better understanding of the past and its significance to the present. Additionally, preserving the context allows for future generations to appreciate and learn from these artifacts.


What is the comparison between management accounting vs financial accountiung in terms of purpose?

Most of financial accounting information is of a monetary,but management accounting is not. It may give information about ( for example ) labor cost per-hour, miles traveled by sales person, etc. Financial accountant present an essentially historic picture of past operations, but management present both the historic and future planning tool.


What is the Function of education in present context?

what are the functions of education in the present day context


Explain the difference between financial accounting and management accounting?

Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.


Explain the differences between financial accounting and Management Accounting?

Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.


What tax condition must hold in order for a financial lease transaction to generate positive net-present-value tax benefits for both the lessor and lessee?

"Leasing is only beneficial when the present value of the benefits of leasing exceeds the present value of the costs of leasing." - Corporate Financial Management, Third Edition, by Douglas R.Emery, John D.Finnerty, and John D.Stowe


Is financial accounting cost accounting?

Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.


What is a quality management plan?

A quality management plan is a document that is submitted presenting aspects of your company management policies and practices that might be important. Sections could include staff biographies, financial analysis, management strategy and risks and solutions. Make sure you are thinking of your target reader as you write, because a management plan is a way to present yourself and your work to your audience.


Investment securities are classified based upon manageents intent this may present difficulties to readers of financial statements because?

management's judgment of intent and ability may lack comparability