Abstract:

The Financial Management responsibilities differ greatly depending on the size and type of organization we ar  talking about and the stage of the life cycle of the company. Financial problems facing a small business are categorically different from those faced by a firm with over 200 employees, as the phase of growth and maturity of the life-cycle generates financial challenges different from those during the launch or decline phase. But irrespective of the size of the enterprise or its life cycle phase, the financial analysis represents the main mean for diagnosis the business efficiency.