For a company merger Project Financial Management is a process which brings together the following: planning budgeting, accounting financial reporting internal control auditing, procurement disbursement physical performance of the project This in itself aims to managing project res
For a company merger
Project
- planning
- budgeting,
accounting - financial reporting
- internal control
- auditing, procurement
- disbursement
- physical performance of the project
This in itself aims to managing project resources properly and achieving the project’s objectives. The concept of Project Management, is a strategic competency for organizations and can make the difference between a successful project and audit reports.
At its core, effective Financial Management is an ongoing process that features a cycle of good management habits. It means planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the institution or enterprise in a consistent and responsible manner. It also means applying general management principles to the financial resources of a project.
For your Final Project in Financial Management, you will be developing a project for a company or the company that you work for.
There is a planning stage. Put on paper what your thoughts on the project. Second is budgeting and accounting. This should be taken into consideration because a project has funding for it. What is Internal Control? What is the auditing and procurement process? What is your disbursement process? Finally, give a summary of the physical performance of the project. What are some positive and negative things that could happen?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
