Meaning & use
financial administration
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Meanings
noununcountableformalbusinessfinance
The work and systems of managing money for a company, government, or other organization.
Grammar: Used as a single unit; do not say 'a financial administration' unless you mean a particular department or period.
Patterns
- financial administration of something
- responsible for financial administration
- improve financial administration
The charity's financial administration is handled by a small team of accountants.
Poor financial administration led to the school running out of funds before the end of the year.
She studied public financial administration at graduate school.
nouncountableformalbusiness
The department or group of officials in an organization that deals with money matters.
Grammar: When it means a specific office or body, it can be countable: the financial administration approved the budget.
Patterns
- the financial administration of a country
- head of financial administration
The university's financial administration announced a freeze on new spending.
He was promoted to head of financial administration for the whole region.
Word forms
| plural | financial administrations |
|---|
Common combinations
- public financial administration
- Public financial administration covers how tax money is collected and spent.
- sound financial administration
- Sound financial administration kept the club out of debt.
- financial administration system
- The new financial administration system tracks every invoice automatically.
- responsible for financial administration
- The treasurer is responsible for financial administration.
Synonyms and how they differ
- financial management
- Focuses more on planning and decision-making about money; 'financial administration' often refers to the routine systems and record-keeping.
- money management
- An informal phrase used for personal or household budgets, not usually for organizations.
Word family
- financial administrator noun
- A person whose job is to manage money matters.
- administer verb
- To manage or organize something, especially official or financial matters.
Commonly confused: financial administration or financial aid?
financial administration vs financial aid
Means money given to help someone pay for something, especially education; it is not the same as managing money.
Practice
The report criticized the ___ of the hospital's funds.
Choose one answer.
'Financial administration' means the management of money, which fits 'the ___ of funds'. 'Financial administrator' is a person, not a process; 'financial aid' is help money; 'financial year' is a period of time.
Make it your own
Write a sentence using “financial administration”, then check it and compare it with the examples above.