Part I: UNM Finance - a Framework
SARM Site Search
Standard Accounting Resource Manual (SARM)
MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131
MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131
Basic financial management includes activities such as managing the day-to-day operations, such as approving invoices to pay suppliers, reconciling indexes and budgeting. Financial management is also concerned with decision-making. In order to make right decision, it is necessary to have a clear understanding of the objectives. Such an objective provides a framework for right kind of financial decision making for evaluating the management of resources in attaining the institution's missions.