Financial Management

1. M Scott Financial Services 1

2. “ If you do not know where you are going, any road will take you there.” Alice in Wonderland

3. The Bookkeeping Process 3 Tax Returns Financials Salaries Cash Flow Debtors Ageing Asset Register Creditors Ageing Trial Balance Books of Account Purchase Journal Sales Journal General Journal

4. Financial Management Financial Reporting – timely relevant information Annual Monthly Tax/Govt/Other Controls – protect the assets of the company Systems – efficiency through technology Financial Systems Office automation Filing Authority Input Controls Integrity/Recons Working Capital Budgets Risk Management Competent & enthusiastic