A CHALLENGE FOR FINANCE MANAGERS TO CONSIDER When It Comes to Financial Management for the Success of an Organization
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Keywords

Affordability
procurement
management
accountability

Abstract

In most cases, the financial management of a concern is concerned with the acquisition, 
distribution, and administration of the organization's many financial resources. When we talk about 
financial management, we are referring to the process of planning, organizing, directing, and 
regulating the financial operations of an enterprise, such as the acquisition and usage of cash. It 
involves adopting a management philosophy that is generally accepted to the administration of the 
company's financial resources. In order for any business to be successful, finances and the 
administration of those finances in an effective manner are very critical factors. It is essential for every 
company to have access to and effectively manage its financial resources in order to achieve success. 
The responsibilities of the finance manager in the administration of the finances of the corporate 
organization that is concerned are growing in importance in today's world. In these highly competitive 
times, financial management is required to confront a multitude of obstacles, and those in charge of 
financial management are required to make creative choices in order to steer the organization in the 
direction of success. The research in this area is thus very important, despite the fact that research in 
this area is now being conducted. The research relies on secondary sources of data and information for 
its foundation. This article makes an effort to shed light on the duties, responsibilities, and roles that 
are associated with the position of finance manager. The article discusses the need of the study, the 
idea, the aims, and the functions of financial management, as well as financial planning, the functions 
of finance, the role of finance manager, and other related topics along these lines. 

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