Abstract:
All organisations are set up to achieve certain set targets and objectives. The ability of a fum
to achieve their set objectives is referred to as corporate performance. A ftrm can only
achieve its objectives if it applies effective ftnancial management practices which involve the
planning, operating and monitoring of the ftnance function of the organisation. Given the
rapidly changing and competitive nature of the business environments in which modern
organisations operate, if firms are to survive, corporate managers must appreciate the need
to develop and make full use of ftnancial management tools. Effective ftnancial management
has a direct and positive impact on corporate performance. That is, a good ftnancial
management system will lead to better and improved corporate performance, and simila
