Answer to Question #294367 in Management for Getahun

Question

Discuss Short term financial Management

.Introduction

.Type

.Benefit

.Conclusion

Answer 1

Short-term financial management concerns budgeting and developing financial plans for a period of one year or less. Short-term financial management includes business line credit, invoice discounting, factoring, working capital, and trade credit. It allows an organization to develop its operational needs and determine short-term maturities. In conclusion, short term financial management is important in an organization to determine interest benefits; it enables managers to make budgets and detail short-term costs such as marketing expenses, inventory, and overtone costs