GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial Management is the
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Art of recording
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Application of costing system
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Application of cost plan in respect of production
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Application of Planning and Control Function to the Finance Function
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Explanation:
Detailed explanation-1: -Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.
Detailed explanation-2: -Financial management software includes the tools and processes that manage and govern income, expenses, and assets. An overarching goal for any financial management solution is to not only maintain an organization’s daily business, but to maximize profits and continuously protect financial data from fraud and theft.
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