Proper financial management is critical to the success of any business. Business owners and finance and accounting managers are responsible for knowing the financial health of the business. Financial statements and budgets are used to monitor and manage financial resources. This helps business owners and managers make better decisions and plan future expenses. By the end of this learning path, learners should be able to track the movement of money in and out of the business, summarize the business’s financial situation, and prepare documentation to support a credit application.