Modern Financial Management Theories & Small Businesses (2)

Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. This includes the impact of financial management in Local government administration on effective and judicious use of public financial resources in Bayelsa State; the influence of financial planning and control on quality delivery of public services in local government areas of Bayelsa state; and the practice of public financial management in local government administration enhance transparency and accountability in the use of public financial resources of Bayelsa state.Finance Management

Workday Financial Management provides a state-of-the-art foundation for transactional efficiency and control, and delivers unparalleled insight to both finance and business managers with one system for accounting, consolidation, planning, procurement, projects, reporting, and analytics.Finance Management

Further, quite uniquely Public Finance Management performance affects the performance of all other sectors – yes the macroeconomic environment and so private sector opportunity and the service delivery in agriculture, health, education, transport, energy, public safety and the list goes on. When it works, all other sectors have a chance of succeeding; but when Public Finance Management fails all other sectors fail.

A well-functioning local government administration must establish a sound public financial management and delivers quality public services consistent with citizen preferences and fosters private market-led growth while managing fiscal resources prudently to alleviate poverty and the achievement of the Millennium Development Goals.

While 98% response indicate to moderate extent that adequate fiscal, revenue, expenditure, procurement, accounting records and information are produced, maintained and disseminated to meet decision-making, control, management and reporting purposes in local governments of Bayelsa state.Finance Management