Desktop study of the extent to which financial management practices impact on an organization?s Financial performance

Abstract

The purpose of this desktop research methodology was to ascertain extent to which financial management practices impact on an organization’s financial performance. We have located the research of this paper within a qualitative approach. This decision was informed by the fact that this paper is not interested in the quantification of data. But its main interest lies in the painting of qualitatively rich picture of the phenomena being studied within the context of limited respondents. To this end, the problem of this study is explained descriptively and theoretically for the purpose of generating a crispy understanding of the impact of financial management practices on an organization’s financial performance. Among others, these sources included journal articles, books, magazines and newspapers in the area of media related to the Gambia. It was discovered that the financial management strategies had a substantial impact on an organisation’s financial performance

Keywords

• internal audit function
• parastatal
• corporate governance
• nssa.