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Financial management implies improvement of all the aspects of the business needs to be coordinated

Financial management implies improvement of all the aspects of the business needs to be coordinated

Financial management should always be planned and implemented in order to achieve maximum financial efficiency. The management of financial resources, and consequently the management of all assets, liabilities, and cash flows, is a complex procedure and involves many processes and variables. For instance, cash flow analysis involves analyzing the current flow of cash, assessing all sources of cash flow, and determining all future expected cash flow needs. Accounting planning and forecasting also need to be done, and these must take…

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