Core Principles of Financial Management
July 17, 2018
Financial management is the process of using funds effectively, efficiently and transparently. It is accomplished through a combination of procedures, methods, rules of conduct and standards. Effective and efficient financial management systems have key characteristics in common. HUD expects grantee and sub-recipient financial management systems to include the following key components: budgeting, internal controls, Federal cost principles, accounting and record keeping, procurement, reporting and audits. Sound financial management requires that all of these components work properly and in connection to one another.
- Increases understanding of Budgeting, Accounting & Financial Cost Principles
- Enhances competency in funds management
Get Credit Instructions
Related Materials and Resources