Financial management frameworks

Financial management frameworks are structured systems and principles that guide how organizations plan, monitor, and control their financial resources. They ensure that financial activities align with organizational goals, help evaluate performance, and support decision-making. These frameworks include processes for budgeting, financial reporting, risk assessment, and internal controls. By following such frameworks, organizations can manage their funds effectively, avoid financial risks, maintain compliance, and achieve long-term stability and growth. Essentially, they provide a roadmap for responsible financial stewardship within an organization.