Managing Financial Principles & Techniques

The true knowledge of financial information in today's competitive scenario is very important so that the companies will not only know about their financial position as well as compete with their rivals. The present business environment is changing at a very fast pace so the corporate, now, strongly feel that working on the same traditional principles would not be fruitful so there is a need to adopt newer and modern strategies to gain profits (Drury,  2009).So, the financial data provides enough information on the working conditions of the business. In this report, techniques such as capital budgeting, activity based costing, budgets, forecasting techniques are discussed which helps to increase the productivity (McMillan and  Camara, 2012).

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