Question

Describe the process you would go through to determine whether financial support is available to allow the requirements of an organisation to be achieved. 80–100 words

Answer 1

In order to access the financial viability of an organization in determining its success requirements, is determined by the liquidity of the firm. The current cash and bank balances plays a pivotal role for an organization that whether it is financially sufficient to achieve its future goals. Then the cashflow statement is another major factor to determine its profitability by accessing its money in and money out of an organization. Also, the financial credibility of an organization is also important to determine that whether an organization will be able to secure loans and debts, if it requires in future to meet its objectives.