Financial and accounting management are an essential part of the management team, through its reports, can decide to take the step that the company can overview, therefore, upon it many decisions accepting tenders, accept shareholders, or even establish companies.
people, companies, banks, and governments conduct transactions in the customary manner of exchange of money and lending of goods, services and financial assets, but when a sudden financial crisis begins, everything begins to feed itself in the direction of the other, forcing debtors to sell assets, and rushing to sell assets sweeps the market at the same time as spending falls, when the stock market collapses and the property market and banks become in trouble, asset prices have fallen, the value of collateral for borrowers is set to fall, people are feeling impoverished and borrowing is quickly disappearing.
Crises have become a feature of contemporary life, and crises are those unavoidable negative events, whatever the degree of readiness of the organization, which can lead to its destruction or at least damage it. At the beginning of each crisis there is one thing very certain, no one Know what is the exact situation, but the crisis in general is characterized by the characteristics and the sudden is that you enter your office in the early morning to find that your personal computer has stopped working and thus lose all the plans and information spent in the preparation and work weeks, and the characteristics of the crisis is also the loss of information or decrease , Do not know who is causing it or how it will prevail, it is also the first time you come across where such a crisis, and there are many characteristics that the crisis must be identified to be avoided some of the thing and not fall into any crisis hamper the functioning of the organizations.
Is the degree of readiness of the organization, which can lead to its destruction or at least damage it, at the beginning of each crisis there is one thing very certain, no one knows exactly what the situation, but the crisis in general characterized by the characteristics and the sudden is to enter your office in the morning You can find out that your personal computer has stopped working so that all the plans and information that you spent in preparing and working for are lost weeks.
The characteristics of the crisis are also the loss or loss of information, you do not know who is causing it or how it will behave. This crisis, there are many characteristics of the crisis that must be identified to be avoided somewhat and not to fall into any crisis hinder the functioning of organizations.