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WHAT IS FINANCIAL MANAGEMENT?

Financial management can be defined as the process of getting the financial resources of a business or an organization at the right places so that they can be utilized in the most optimum and legitimate way. It is usually the job of the managers dealing in accounting, and finance to make sure that the financial resources of a company are safely invested at the places where they will bring the maximum returns the least of losses.

This is a major subject if you have opted for finance in MBA or any other management course. Some universities also have this subject as a compulsory subject as it is basically a requirement for all the managers to know where the resources must be invested and how they must be managed.

WHAT ARE THE DIFFERENT TYPES OF FINANCIAL STATEMENTS THAT HAVE TO BE MADE BY THE FINANCIAL MANAGERS OR FINANCIAL EXPERTS IN AN ORGANIZATION?

  • Cash flow statement analysis: This report shows the flow of cash which has taken place in an organization. All the inflows and outflows are recorded by the finance department to make sure that at the time of accounting all the fields can be evaluated properly.
  • alance sheet analysis: This is a very important financial report as in this report all the assets and liabilities of the organization are recorded. A lot of organizations even publish it publicly for the people to go through on what profit and loss the organization have made over a period of time which in most cases is a year.
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  • Trading account: Trading account records all the financial transactions that take place during the bringing in of good and services and contains information about the stock of the business house. All the transactions that take place before the actual production of the goods and services in an organization are combined in a trading account.
  • Cost account: In this kind of financial report, only the cost which is incurred by the organization is recorded. This helps in analyzing the profit or loss at the end of the year.
  • Financial risk account: In this account, all the risk factors of the company or the organization are recorded.
  • Sustainability report: This report is mandatory for all the financial managers and the other managers to maintain every year with the annual report.
  • Books of accounts: In this, all the various reports mentioned above are recorded and this book is maintained for each year. This book is helpful during the filing of the taxes.
  • Audit programmes: In this, all the books of accounts are studied, evaluated and analyzed to make sure that all the transactions are recorded perfectly and exactly as they needed to be.
  • rial balance, and many more.: Mistakes that are made during the financial management assignments that need to be avoided

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  • We assure high-quality work for your assignments: Our services include academic writing services from a panel and team of financial management professionals and financial management experts who have an educational qualification and high level of expertise in the same niche. They will write fantastic assignments for you which will help you skyrocket your grades an excel in the subject that you have chosen for yourself. Thus, you can blindly trust us in the expertise in financial management as our team of writers is going to get you great marks always.
  • We provide free revisions: Our main motive is to provide you work which is satisfactory. We always want to make sure that whatever work we provide to you is able to fulfill your requirements. Thus, we provide endless revisions for your assignment solutions so that you can get us to do my assignment services well often because we don’t want to disappoint you by getting fewer marks. We will provide revisions unless and until you get the work you wanted in the right format with the right content.
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