Managing and accounting for financial resources
12 pages (3000 words)
, Download 1
... of Financial Resources Introduction Finance is the life blood for any organisation. It studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects to achieve their goals. Finance and accounting functions are closely related in such a manner that accounting provides information needed for managing finance. Management of finance varies according to its nature, that is, short term or long term.
Financial resources refer to the availability of money in the form of cash, securities, creditors, loan facilities, etc possessed by an organization. There are...