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Business strategy
Importance of financial transparency in business management.
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[QUOTE="Axis, post: 343738, member: 66672"] As long as a business exist they must always be the inflow and the outflow of cash which of course the official or the personnel handling cash authorization and disposal must have a transparency attitude or behavior. Each personnel or official working in a business organization should remain accountable for the role and responsibilities he or she performs and that include the accountant or possibly the auditor or the financial manager. Officials occupying the post of accountant as well as that of an auditor must always remain transparents since their roles involves analyzing business finance. It is absolutely important that transparency exist in the financial sector of a business because when this occur it helps such business to have a great deal of reputation. And of course other businesses would want to strike a deal with a business that have good financial transparency. [/QUOTE]
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