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Thus the decision function of financial management can be broken down into three One of the most important reasons of failures of business promotions is a Sep 7, 2018 -have the right capabilities. Financial management plays a continuous role in .com/content/dam/acca/global/PDF-technical/small-business/pol-tp-fefe.pdf. Financial Planning: The finance managers are responsible for the planning of financial activities and resources in the organization. To this end, they use available data to understand the needs and priorities of the organization as well as the overall economic situation and make plans and budgets for the same. All business decisions have financial consequences. Managers in all departments must work closely with financial personnel. If you are a sales representative, for Jun 8, 2016 - Sound financial management creates value and organizational ability through the allocation of scarce resources amongst competing business opportunities. It is an aid to the implementation and monitoring of business strategies and helps achieve business objectives. multi dimensional functions in the field of business with the effect of industrialization,. Financial Management has become a vital part of the business concern Mar 10, 2017 - The study aims to find out the role of financial management in the financial decision-making in business and the extent of responsibility to make decisions and