Financial Management

12:57 PM

Financial management refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization,  It is the specialized function directly associated with the top management. The objectives of financial management is to: create wealth for the business, Generate cash, and  provide an adequate return on investment. Financial management is important also in our field knowing that the laboratory will not be functional without the costly equipment and of course without the licensed personnel working in it, financial managing is crucial in maintaining the function of the lab also to attract customers. Without proper handling of finances the integrity of the lab will be ruined.

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