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Financial Management: Role of Decision Making and Techniques

   

Added on  2023-01-12

17 Pages966 Words50 Views
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FINANCIAL MANAGEMENT
Financial Management: Role of Decision Making and Techniques_1

TABLE OF CONTENT
INTRODUCTION
MAIN BODY
CONCLUSION
REFERENCES
Financial Management: Role of Decision Making and Techniques_2

INTRODUCTION
Financial management refers to managing the
financial operation of the business.
It is very important for the business to have a well
defined financial structured to be followed by the
organisation.
Present report cover the role of business decision
making in the financial management.
It will enhance the understanding about the financial
management and effectiveness of decision making
for sustainability of business.
Financial Management: Role of Decision Making and Techniques_3

Approaches used for supporting effective decision
making
Formal and Informal approach of
decision making
Formal & informal approach are used by the
organisation for making informed decision
in organisation.
The approach helps in reducing the
subjective approach used in decision making
and for exposing the decisions rationale.
The approach helps managers in taking
decisions related to the strategies and
policies to be framed analysing all the
information.
Financial Management: Role of Decision Making and Techniques_4

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