Grozdanovska, Vesna and Bojkovska, Katerina and Jankulovski, Nikolche (2017) FINANCIAL MANAGEMENT AND FINANCIAL PLANNING IN THE ORGANIZATIONS. European Journal of Business and Management, 9 (2). pp. 120-125. ISSN ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online)

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Financial Management refers to the application of general management principles to the various financial
resources which are projecting. This encompasses planning, organizing, directing and controlling of the financial
activities. Financial planning is process of framing objectives, policies, procedures, programs and budgets
regarding the financial activities. This ensures effective and adequate financial and investment policies, adequate
funds have to be ensured, ensuring a reasonable balance between outflow and inflow of funds, ensuring suppliers
of funds, preparation of growth and expansion programs which helps in long-run survival of the company,
reduction of uncertainties with regards to changing market trends which the company could be faced with,
ensuring stability and profitability

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Scientific Fields (Frascati) > Agricultural Sciences > Other agricultural sciences
Divisions: Faculty of Biotechnical Sciences
Depositing User: PhD Goran Mihajlovski
Date Deposited: 19 Feb 2019 11:09
Last Modified: 19 Feb 2019 11:09

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