Question

Write a note on the functions of financial administration in public enterprises.

11 Aug 2023
Answer :
Word Count : 391

Financial administration plays a crucial role in the effective management of public enterprises. It encompasses a range of functions that are essential for ensuring financial stability, accountability, and optimal utilization of resources. The functions of financial administration in public enterprises can be summarized as follows:

  1. Resource Mobilization: Financial administration is responsible for mobilizing funds from various sources, such as government allocations, loans, grants, and internal revenue generation. It involves strategic financial planning to meet the enterprise's __________ __________ ____ __________ ______ ___ _____ ______ _____ __________ ___ __________.
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