Summary
This project work was carried out to investigate the effect and contribution of financial management practice on financial performance of a business. After a long period of investigation and judgment of fact and data within the reach of the researcher, the following findings were drawn up to complete the study on financial management practice and business performance, a case study of Fidelity Bank Plc. The research work revealed the following;
Financial management helps in planning and foreseeing the future of a business outcome.
Financial management practice gives proper give on how businesses should invest their funds.
Financial management practice helps determine how to source for fund and effectively utilize such funds.
Financial management practice helps a business manage its working capital efficiently and effectively.
Financial management ensures efficient and effective running of a business or organization.
Financial management reduces administrative cost.
Financial Management enables achievement of long term organization goals and objectives.
Financial management also increases profitability of a company.
