Financial management is vital for all types of organizations, profit making as well as non-profit making. In case of non-profit making organizations also the effectiveness and performance depends on their financial resources management. Explain how you would attempt to analyze the financial functions of an organization, what key areas should be analyzed and what would be your critical recommendations to establish sound financial controls?

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Analyzing the financial functions of an organization whether profitmaking or nonprofit involves assessing various key areas to ensure effective financ... View the full answer