Financial Accountability and Management

Financial accountability and management involve responsibly overseeing an organization's financial resources. It includes planning budgets, accurately recording transactions, and ensuring funds are used appropriately to meet goals. This process also involves monitoring financial performance, preventing misuse, and providing transparent reports to stakeholders. Effective financial management ensures that resources are used efficiently and ethically, supporting organizational stability and trust. It is fundamental for making informed decisions, complying with laws, and maintaining the confidence of investors, employees, and the public.