Money and the Key Aspects of Financial Management.

Abstract

In this paper we will briefly present the tools of budgeting, forecasting and variance analysis that are used by successful companies to manage ongoing money capital. Our goal is to give you an overview and enough information to begin using these concepts in your business. Financial Management employs the tools of budgeting, forecasting, and variance analysis to better manage the annual money capital available to business. These tools are very simple to use - it is just a matter of setting standards and consistently using them