Money is not everything in this world, but to get everything in this world you need money. That is the opinion of several people about the most popular objects which are one of the main media in buying and selling transactions today. It is inevitable that those holding the most money tend to be more powerful. The power of money in this world has a big impact on human life.
As users of money, we must be able to maximize the function of this medium of exchange well, because if not, we ourselves will suffer the negative impacts of this money. Unfortunately, not everyone is talented when it comes to money management and as social creatures they need more careful and thorough relationships who understand the focus of financial matters. From there, a study and job in administration and financial management was born.
Financial Manager, Something That Must Be There
Financial managers or often also called financial managers are currently needed in many places, especially in companies. This position must exist for the continuity of the company. Apart from companies, financial managers are also needed in the political and state fields.
Their task in this matter is very clear considering that the function of the state government is to improve the welfare of the people and of course to realize this requires a perfect financial management system to carry out its duties. The function of the government is also to advance education in the country in order to create quality successors to the nation, and also to provide a budget of a certain amount of money which is distributed to the regions through the government in the region to meet the needs of the residents of the region. Apart from the examples mentioned above, there are many more reasons why we need a financial manager in our lives.
Financial Management Process
Unlike the class treasurer whose job seems to be only to save and collect money, financial management has more complex polemics ranging from planning to evaluation. Every manager must make a financial plan for the agency he handles. The financial planning or design describes the idea of the money circulation process in the agency within a certain time interval, such as how much funds are needed as initial capital, how much money will be set as monthly costs and how much profit per month, or how much funds are needed for meet worker facilities and when these funds can be obtained, a design of funding sources is also needed.
Apart from a financial plan, you also need a strategy for managing money. A strategy is needed so that the money circulation process in the agency does not stop and anticipates the worst possibility. After the preparations have been prepared very thoroughly, the period comes when the manager carries out his main task, namely managing the financial management of the agency or company.
The use of money must be controlled as best as possible to avoid the possibility of bad things happening in the future. All work processes of a manager must be recorded, usually in written form. The article contains a report in which a regular evaluation is carried out at certain intervals regarding money regulations in the agency. From this evaluation you will see the performance of a manager during that time period and from this evaluation you will also see what shortcomings have occurred so far and which it is hoped will not happen again in the future.
Evaluations carried out at certain time intervals will also facilitate the process of preparing accountability reports later. A financial manager must make an accountability report to be accountable for what he has been doing. This is important because this is one of the main factors that increases the professionalism of a financial manager, his trade record will be good if the work he does is good and he is able to take responsibility for what he does.
