April 2016
Intermediate to advanced
439 pages
10h 49m
English
Content preview from Business, Marketing, and Management Principles for IT and Engineering
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14
Financial Administration and the Budget
14.1 FINANCIAL ADMINISTRATION
Financial administration has many aspects, three of which will interest us in this chapter: financial plan, budget, and cash management. The financial plan is developed as a crucial question confronting every enterprise: From where will come the money for going from “here” to “there?” Any business operation requires financial means, not only the human resources intended to see it through (see also Chapter 16 on financial planning and control).
The board and CEO may have decided upon an objective, but does the company have the financial staying power to achieve it? Financial planning is not only a question of money, because money may be awfully misused without a ...
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