Copyright

Why is the study of managerial finance important regardless of the specific area of...

Question:

Why is the study of managerial finance important regardless of the specific area of responsibility one has within an organization?

Accounting

Accounting can be defined as the collection and recording of information which is related to the finances. Accounting is usually done in the form of ledgers and journals which are basic records of the finances. It is an important function which is usually performed by the financial manager of the company.

Answer and Explanation:

Become a Study.com member to unlock this answer!

View this answer

In an organization, every employee is a part of a department which utilizes the budget or the resources of the company in or the other way. These...

See full answer below.


Learn more about this topic:

Loading...
Financial Management in Healthcare Organizations: Roles & Functions

from

Chapter 1 / Lesson 2
87K

Learn about healthcare financial management. Learn what financial management is in healthcare and identify the importance of financial management in this field.


Related to this Question

Explore our homework questions and answers library