The Relationship Between Insurance And Finance (2)

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Financial managers are responsible for the financial health of an organization. The findings revealed that guidelines are not strictly adhered to when carrying out development planning with regard to ensuring judicious use of public financial resources in local governments of Bayelsa state Though the study revealed that the performance of public financial management in local government administrations is to a moderate extent, the management of financial activities still require rapt attention.

Also, there must be an existence of a transparent procurement system as an integral part of the overall public financial management system which is supported by a clear regulatory framework that provides for competition, value for money and effective controls.

The consequence of wider discussion between developing country actors could lead to a more balanced, realistic, relevant and ultimately effective approach to Public Finance Management reform in developing countries. The finance manager’s job is to maximize profits whilst keeping …

The Relationship Between Insurance And Finance (2)

0 Comment

Financial managers are responsible for the financial health of an organization. The findings revealed that guidelines are not strictly adhered to when carrying out development planning with regard to ensuring judicious use of public financial resources in local governments of Bayelsa state Though the study revealed that the performance of public financial management in local government administrations is to a moderate extent, the management of financial activities still require rapt attention.

Also, there must be an existence of a transparent procurement system as an integral part of the overall public financial management system which is supported by a clear regulatory framework that provides for competition, value for money and effective controls.

The consequence of wider discussion between developing country actors could lead to a more balanced, realistic, relevant and ultimately effective approach to Public Finance Management reform in developing countries. The finance manager’s job is to maximize profits whilst keeping …

The Relationship Between Insurance And Finance

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Insurance and finance are closely interwoven fields of business, not least because they both involve money. Investment management: risk and profit analysis, risk aversion, terms, types of investments, portfolio diversification. With their skill, luck, careful planning and good management; they have turned many businesses into profitable ones. A second reason that public finance is interesting is that in many countries what people are being held to account for is also changing. Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. This is determined by the extent to which public financial management of local government administration has impact on effective and judicious use of public financial resources in Bayelsa state. Proper distribution of finance to all the departments will increase the efficiency of the entire company. To meet this objective, the Financial Action Task Force …