PAMANTASAN NG LUNGSOD NG VALENZUELA

Tongco St., Maysan, Valenzuela City

Name: Marivic R. Francisco

Course: MAED – Major in Educational Management

Subject: EDUC 106- HUMAN RESOURCE AND BUDGET MANAGEMENT

Professor: DR. DJOANA L. POJA

Topic: Introduction to fiscal management Date: December 7, 2023

Discussant: Ulyssis M. Gregorio

REFLECTION PAPER
I. Highlight important points on the topic/s discussed.
Fiscal management is a critical aspect of organizational governance,
encompassing the planning, utilization, and control of financial resources to achieve
sustainable growth and stability.
It includes budgeting, financial planning, resource allocation, debt management,
financial reporting, cost control measures, cash flow management, risk management,
strategic decision support, investor and stakeholder confidence, and sustainability
and growth.
In conclusion, the highlights of fiscal management underscore its fundamental
role in steering organizations toward financial success. By adhering to sound fiscal
principles, utilizing effective tools, and recognizing its pivotal role in organizational
success, fiscal management becomes not just a set of practices but a strategic
imperative for navigating the complex financial landscapes of the modern world. As
organizations embrace and prioritize fiscal management, they pave the way for
resilience, growth, and sustained prosperity.
II. What have you learned on the topic? Cite one real-life situation you have
encountered which is related to it.
Fiscal management involves the planning, utilization, and control of financial
resources to achieve organizational objectives.
Budgeting is a foundational aspect of fiscal management, involving the
creation of detailed financial plans that allocate resources based on organizational
priorities. Fiscal management includes the development of comprehensive financial
plans aligned with organizational goals and objectives. Fiscal management
 PAMANTASAN NG LUNGSOD NG VALENZUELA
Tongco St., Maysan, Valenzuela City

emphasizes the optimal allocation of resources to maximize efficiency and

productivity. Timely and accurate financial reporting is crucial for transparency,
providing stakeholders with insights into the financial health of the organization.
Fiscal management involves implementing measures to control costs and enhance
operational efficiency. Fiscal management provides decision-makers with the
financial data needed for strategic decision-making aligned with the organization's
long-term goals.
These points offer a broad overview of the concepts associated with fiscal
management. It's important to note that fiscal management is a dynamic field
influenced by economic conditions, regulatory changes, and organizational
strategies. Ongoing learning and adaptation are key components of effective fiscal
management.