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@Vivianbima said in Meaning of Financial Management:

Financial Management means

Financial management means the planning, budgeting, allocating, monitoring, organizing and controlling of the resource and use of fund of an organization.

Hello everyone.
My name is Chidinma Eke and I live in Asaba, Nigeria. I work with Cartege Cinemas as a Cinema Manager where I manage the daily running of the cinema and drive the performance of the team leaders to deliver on business key performance indicators.
At the moment, I am working on transitioning in my career to being an administrator in the Nonprofit sector and I have joined this community as an avenue to interact, learn and contribute. These three put me on a solid pedestal to achieve this goal.

@unia said in Share your best practices!:

Financial projections in the business plan:

Be clear about what drives the business.

To have facts backing up our assumption.

Be optimistic, but also realistic

Pay attention to investors' goals and interest.

Choose the right level of detail.

Make projections for 3 to 5 years.

Cash plan on a monthly basis.

This is awesome @Unia ! Thanks for sharing these. Are there any tools that your organizations use to help with these points that you can recommend, such as the multi-year projections or general accounting?