Explore BrainMass

Financial Management in Levels of Organization

Why would managers at every level of an organization need access to financial management?

Solution Preview

Financial management is often included in the overall strategy of an organization. Though financial management may begin at the top, where corporate leaders set goals for reduction in costs and for increasing revenues, lower level managers must be aware of the limits, in order to ensure the departments or units they manage help achieve those goals (Economy Watch, 2010).

Managers responsible for procuring supplies or raw materials must be aware of any cost cutting ...

Solution Summary

Financial management is exemplified.