Which of the following is a common financial-information management problem:

A. Multiple financial data sources and systems within an organization

B.over reliance on a master source and system for financial data

Financial Management is a common financial-information managment problem which also include failure to strategize 

A. Multiple financial data sources and systems within an organization

Multiple financial data sources and systems cause integration and consistency challenges, hindering access to accurate financial information. Centralizing data is crucial for accuracy, decision-making, and reporting efficiency.

A

Multiple financial data sources and systems within an organization. One of the most common problems

faced by financial-information management is multiple financial data sources and systems within an

organization. Because of the different, sometimes incompatible data sources and systems, it is often

difficult for managers to get a single view of their companies' financials. Therefore, organizational

overreliance on a master source and system for financial data is not typically a financial-information

management problem. Few companies have a single master source of data nor a single system for

recording and reporting the data. Rather than strict organizational data governance policies and

processes, most companies suffer from inadequate data governance. Due to increased compliance

regulations, most companies have much more financial information than ever before.

The correct answer is A

The user should reply on master source otherwise data redundancy and incompatibility will arise.

Strict data governance policies will ensure data compatibility.

A. Multiple financial data sources and systems within an organization &

C. Strict organizational data governance policies and processes

 Strict organizational data governance policies and processes