Managing Financial Shortfalls - Desklib

Managing Financial
Resource
Task 3

Managing Financial Shortfalls
Looking at the present corporate environment it is important for every firm to manage its financial
resources in effective and efficient ways so that desired results and outcomes can be generated. In
this regard, it is important for the manager to compute the financial shortfalls and undertake potential
measures to manage the available resources appropriately.
• There are several situations in which shortfall arises due to the reasons of bookkeeping. Thus, it is
important for Mid Stanfford Hospital to manage the financial shortfalls by employing different
methods that can assist in mitigating the issues.
• Along with this, it is also essential from the environmental point of view because management
shortfall helps in transferring the funds and allocating them in effective and appropriate way.
• There are several methods through the means of which management of Mid Stanfford Hospital can
manage the financial resources in suitable way and carry out operations in the best possible
manner.
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