Tag: financial management
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Demystifying the Financial Year: A Comprehensive Guide to Understanding Fiscal Periods
Understanding the Financial Year Understanding the Financial Year The financial year is a period of 12 months used for accounting and budgeting purposes by businesses, governments, and other organisations. It is not necessarily the same as the calendar year, which runs from January 1st to December 31st. The financial year can start and end on…
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The Vital Role of the Finance Department in Business Success
The Importance of a Finance Department in Business The Importance of a Finance Department in Business In any organisation, the finance department plays a crucial role in managing the financial health and stability of the business. From budgeting and forecasting to financial reporting and analysis, the finance department is responsible for ensuring that the company’s…