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    Direction: What Are The Importance and Effect of Having Financial Manager in An Institution. Explain Your Answer in 100 Words

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    Kim Mei Hui
    Having a financial manager in an institution is important for three key reasons: 1) a financial manager can help reduce costs and spending to prepare the institution for unexpected large expenses that could otherwise lead to disaster; 2) they ensure sound financial decision making and planning to avoid poor financial management that could be disastrous; 3) a financial manager makes decisions that maintain the institution's financial health and position, allowing it to grow and expand its business while maximizing wealth and global competitiveness.

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    Direction: What Are The Importance and Effect of Having Financial Manager in An Institution. Explain Your Answer in 100 Words

    Uploaded by

    Kim Mei Hui
    13 views1 page
    Having a financial manager in an institution is important for three key reasons: 1) a financial manager can help reduce costs and spending to prepare the institution for unexpected large expenses that could otherwise lead to disaster; 2) they ensure sound financial decision making and planning to avoid poor financial management that could be disastrous; 3) a financial manager makes decisions that maintain the institution's financial health and position, allowing it to grow and expand its business while maximizing wealth and global competitiveness.

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    DLP-01-PIANDIONG-FINANCE

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    Having a financial manager in an institution is important for three key reasons: 1) a financial manager can help reduce costs and spending to prepare the institution for unexpected large expenses that could otherwise lead to disaster; 2) they ensure sound financial decision making and planning to avoid poor financial management that could be disastrous; 3) a financial manager makes decisions that maintain the institution's financial health and position, allowing it to grow and expand its business while maximizing wealth and global competitiveness.

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    © All Rights Reserved
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    13 views1 page

    Direction: What Are The Importance and Effect of Having Financial Manager in An Institution. Explain Your Answer in 100 Words

    Uploaded by

    Kim Mei Hui
    Having a financial manager in an institution is important for three key reasons: 1) a financial manager can help reduce costs and spending to prepare the institution for unexpected large expenses that could otherwise lead to disaster; 2) they ensure sound financial decision making and planning to avoid poor financial management that could be disastrous; 3) a financial manager makes decisions that maintain the institution's financial health and position, allowing it to grow and expand its business while maximizing wealth and global competitiveness.

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    of 1

    ARELLANO UNIVERSITY

    SENIOR HIGH SCHOOL DEPARTMENT

    S.Y. 2019 – 2020

    Name: Daniela Marie L. Piandiong Grade/Sec: ABM- 03 Date: Nov. 2, 2020

    Direction: What are the importance and effect of having financial manager in an institution.
    Explain your answer in 100 words.

    Business is full of unexpected events, and often these situations can lead to massive costs.
    Poor financial management can lead to disaster, for unpreparedness for such large costs or
    poor financial decision or planning. Finance is a Business activity that deals or about Money
    Management or money itself. Finance Manager is a person that concerned with the
    decisions about money. She/he help to reduce the amount or cost that spending on items or
    etc. and make the Company generate to the highest interest. It is important to have good
    Financial Management or Financial manager either, For company will not lead to further debt
    or any problem in the future. He makes day-to-day decisions that affect the company’s cash
    position or condition and above all financial health, including the company’s ability to grow
    and expand. In conclusion, Having Financial Manager in institution, small or large, is
    important because it greatly affects business towards wealth maximization and be globally
    competitive.

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