answersLogoWhite

0

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.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What is the definition of managerial?

managerial - of or relating to the function or responsibility or activity of management,(or)Relating to supervision and responsibility.


Exampels of managerial skills?

Time management skills, financial management skills,excellent communication skills, and being organized are just a few examples of managerial skills.


What is financial and managerial problems?

= "What is financial and managerial problems?" =


What are the purpose of management accountong?

The purpose of management or managerial accounting is to obtain financial information to help make business decisions. Another type of accounting is financial accounting.


What are the factors affecting capital structure in financial management?

1. Business Risk 2. Financial Flexibility 3. Managerial Attitude 4. Tax Position


Why is it essential for all managers to have a financial understanding of their organization?

How top management is receive for information for the managerial Accounting for future decession


What are the different of branches?

Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)


What are different branches of?

Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)


What are the branches of accounting?

Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)


What applications do management information systems have in marketing?

A marketing management information system supports managerial activity in the area of product development, distribution, pricing decisions, promotional effectiveness, and sales forecasting.


How are financial and managerial accounting similar?

Financial and managerial accounting both involve the collection and analysis of financial data to aid decision-making within an organization. They share common principles, such as the use of standardized accounting methods and the importance of accuracy in reporting. Both disciplines aim to provide relevant information, although financial accounting focuses on external stakeholders while managerial accounting emphasizes internal management needs. Ultimately, both forms of accounting contribute to the overall financial health and strategic planning of a business.


What has the author Don R Hansen written?

Don R. Hansen has written: 'Cost management' -- subject(s): Activity-based accounting, Activity-based costing, Cost accounting, Managerial accounting