Two key points in financial management expertise:
- Yet good planning and control over operations via effective decisions needs to be based on a steady flow of good quality and up-to-date information. That means one of the prime challenges facing modern businesses is obtaining quality information from the vast pool of data available to take on business decisions. Because, information quality is considered one of the key determinants for the quality of an organisation’s decisions and actions.
- Accounting, considered to be a key source of information about business performance, can help managers to develop knowledge about the organization’s environment in several ways. It makes visible those events that are not perceptible by daily activities of a manager and provides an overall quantitative perspective on their work.