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This Community serves as a platform to connect Financial Management practitioners from across multiple career fields, offering them a chance to talk, share, and acquire knowledge about key Financial Management topics.

There are many ways to interact with this community of practice. Click on CONTRIBUTE to share something with the community. This could be a document, a website, or a tool. When you contribute, your content will be available to authenticated users as part of a workforce-contributed library.

Click on EXPLORE TOPICS to view a breakdown of the most important parts of Business Financial Management with a further breakdown into multiple subject areas and topics. Click on BROWSE CONTENT to find specific types of resources, from announcements to case studies to reports. Have a question? Click on CONTRIBUTE or visit the SHARE AN IDEA/ASK A QUESTION page to reach out to other Financial Management professionals for information.


This is the area of Business concerned primarily with the total financial affairs of an organization, department, or program and the translation of actions past, present, and proposed into meaningful and relevant information for use in management. It includes the functions of budgeting, accounting, reporting, and the analysis and interpretation of the financial significance of past events and future plans. It sometimes also includes other related functions such as internal auditing, management analysis, and others. It is not primarily concerned with the technical procedures and methodology of those individual functions.


Financial management involves the art of interrelating data to obtain a perspective of the total financial situation that will assist managers in program planning and decision making. A very simple operating program may require only a minimum of financial management, and this, in some cases, can be provided by the manager. Complex programs need broad financial advice and know-how, and this can only be furnished following the synthesizing, analyzing, and interrelating of meaningful financial data with programming and planning information by an organization and officials particularly adept in financial matters.

 

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