by
sami omer , Director of the Department of Finance and Personnel , Vena Company to Import Industrial Materials
Although the financial function cannot be described as the most important basic pillar of the organization, it is not distinguished from other pillars in the following: 1- It permeates all aspects of the organization’s activities, so it is not possible to visualize any activity that any administration performs in isolation from the financial aspects. 2- Financial decisions are binding decisions for the organization in most cases and therefore require extreme caution in taking these decisions. 3- Some financial decisions are fateful decisions. When the organization decides to obtain a long-term loan and mortgage its assets to cover this loan, if it is unable to repay it, its existence may be exposed to expiration. 4- The results of financial decisions do not appear quickly, but rather take our time, which leads to the difficulty of correcting the error.
