What makes good financial management?

To weigh the currency implications of your decisions-including the ability to build a sound budget and formulate reasonable forecasts.

know the market also know the ups and down in market and also follw the policy upto date to manage the financial management

REGULAR RECORD MAINTAINING , REGULAR PUBLICATION, REGULAR DISCUSSION AND ANALYZING FACTS, FINDING SOLUTIONS, ETC

We should know that financial manangement is more than keeping accounting records. -It involves plannining,organizing,controlling and monitoring financial resources in order to achieve organizational objectives. -We can achieve effective financial management if we have a sound organizational plan

There are four components of good financial management:

a clear finance strategy

a plan for generating income

a robust financial management system

a suitable internal environment.