Financial management is one of the most important responsibilities of owners and business managers throughout the life cycle of a business.

Most companies experience losses and negative cash flows during their startup period. Financial management is extremely important during this time.

As a business grows and matures, it will need more cash to finance its growth. Planning and budgeting for these financial needs is crucial.

Business owners also need a comprehensive financial management system and the ability to understand how to prepare and interpret fundamental reports, financial statements and key performance indicators.