Financial Management: A Panacea For Effective Management And Decision Making In Organisations (A Case Study Of Selected Banks)

ABSTRACT

Through this function, bases are determined for authority levels of financial control, budgeting and processing financial resulting information. A financial plan determines cash inflow and outflows of the treasury through time and as practice demand s, some organisations merge the role of financial management with administration, hence, titles such as head of finance and administration. finance and logistics, or manger of support services (Gary Dessler. 2003). The effective management of an organisation to function is the practise of putting things together orderly and making an organisation to function effectively. An effective management system is one that respect and ft11ow the due process of organisation and policies and procedure.