What are the role of a financial management to prevent bankcruptcy?
their role is to pretEND they does something, as long as no bankruptcy is occur
The role of financial management is to fairly and honestly state the company's financial position. Financial management is responsible for making recommendations on process improvements, ways to improve cash management etc. Financial management should provide the company leadership with most relevant and timely information in order to drive company sales decisions. Financial management should not sugar coat or misstate the companies finances.
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