Approaches and Techniques for Effective Financial Decision Making

FINANCIAL
MANAGEMENT

TABLE OF CONTENT
■ INTRODUCTION
■ MAIN BODY
■ CONCLUSION
■ REFERENCES

INTRODUCTION
■ Financial management refers to strategic planning, to organize,
direct and control of financial undertakings of the organization.
■ Financial management include application of management
principles over financial assets of organization. It plays and
important part in fiscal management of business (Matthew, 2017).
■ Present report will be providing approaches used for supporting the
financial decisions.
■ It will also provide principles for supporting the effective financial
strategies. The role of accountants and management accounting in
business and the ways in which the financial decision making helps
in sustainable performance.

Different Approaches used for supporting
the effective decision making.
■ Knowledge based approach
■ Knowledge based approach involves recognizing
knowledge as the resource to gain organizational
competitiveness, knowledge suggests the method for
managing and improving the performance of
organization.
■ It is essential for the business enterprise to have
knowledge based approach so that the decisions taken
for the improvements are having some authentic base.
■ This have significant impact over the decision
making approach of the executives of organization.