My Communities

@Jason said in Introduce yourself to the community!:

Hi everyone,

Welcome to the Financial Management community of practice! My name is Jason and I’m a community manager here at Philanthropy University.

Please use this topic to introduce yourselves to everyone else in the community. What is your name? Where do you live? Where do you work? What is your role? Why did you choose to join this community?

Hy! My name is Nadia. I'm from Pakistan. I am not working yet, I am a student in masters. My Specialization is in finance thats why I join this community to learn more about finance.

@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.

@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?