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State five points of effective financial management in a market or country where recession prevails?

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Question added by Malik Mohamed , Consulting on Finance, HR, ERP, Work/Business Analysis, ERP, Re-structure. , Self Employed
Date Posted: 2015/03/20
Shameer kp
by Shameer kp , General Accountant , RUBANA GENERAL TRADING LLC

as my opinion

1: planning ( it should be well structured and practicable)

2: forecasting : forecasting future opportunities and risk are highly important when it come to finance matter

3: risk managment

4; financial budget

5: identifying the source of finance : here its not mere identification need to evaluate the all the factor which will affect the source in present and future.

 

Thanks

 

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