Core Principles of Financial Management

Financial management is the process of using funds effectively, efficiently and transparently. It is accomplished through a combination of procedures, methods, rules of conduct and standards. Effective and efficient financial management systems have key characteristics in common. HUD expects grantee and sub-recipient financial management systems to include the following key components: budgeting, internal controls, Federal cost principles, accounting and record keeping, procurement, reporting and audits. Sound financial management requires that all of these components work properly and in connection to one another.

The Core Principles of Financial Management webinar will help:
• Increase your understanding of Budgeting, Accounting & Financial Cost Principles
• Enhance your competency in funds management