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An Effective Financial System Needs Which of the Following:
Financial Reporting Accounting Records and Source Documentation Internal Control Budget Control Allowable Cost Cash Management Compliance 1. Fixed capital is used for investment in fixed assets like plant and machinery. Very Important 9 Steps Need To Follow To Manage The Supply Chain Effectively Logistics Warehousing Inventorymangement Logistics Supply Chain Airfreight Time Activity Documentation 8. . An efficient monetary system. Formation of Budget Committee 5. Basic Requirements of an Effective Financial System Financial system needs efficient monetary system facilities for encouraging savings and investments and market to facilitate investment process. Is a densely interconnected network of intermediaries facilitators and markets that serves three major purposes. Several sets of policy makers who pass laws and make decisions relating to fiscal and monetary policies B. A financial system must provide an efficient medium...
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