ANALYSIS OF BUSINESS FINANCIAL MANAGEMENT CONCEPTS: LITERATUR STUDY
DOI:
https://doi.org/10.61722/jiem.v3i2.3908Keywords:
Concept, Financial Management, Business, Management.Abstract
The purpose of this research is to explain how financial management is carried out in a business, both run by companies and individuals. The type of research used in this study is literature study. The data collection method is through documentation studies from books, journals, and articles as well as previous research that examines business financial management. There are two types of data processing methods: source triangulation and reduction and data presentation. The findings of the study show: (1) financial planning, which is carried out by business owners to plan their income and expenses in order to create a productive and successful system. (2) All income, expenses, and use of funds are recorded in the Financial Record Book as part of the financial recording process. (3) Financial reporting, which is done to provide information and account for the company's owners for their financial condition during the time they run their company. (4) Financial control, which is done by analyzing and evaluating all financial uses so that business owners are aware of their financial situation and can prevent overspending in every aspect of their operations.
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