THE ROLE OF FINANCIAL MANAGEMENT IN THE COMPANY
Keywords:
financial management, management, control, activitiesAbstract
The function and role of financial management in the modern socio-economic system is part of management and in the conditions of dynamic changes in the factors that affect its business, comes to the fore. If we take into account that the way of doing business of a certain company is flexible, adapting to the rules that apply in the free market of capital, goods and services, it can be said that anticipating possible outcomes is an indispensable part of any modern management. By comparing planned and achieved results, ie. Weaknesses and risks are presented to the management, based on which the management structure bases its decisions regarding the rational use of available resources, efficient and effective implementation of planned tasks and activities, in order to achieve the established goals. Based on such a relationship of planning and control, an assessment can be made on the security of management of a particular company.Downloads
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