Financial Management

Financial Management refers to the planning, organizing, directing, and controlling of financial activities within an organization. It involves the application of management principles to the financial resources of an organization. The primary goal of financial management is to maximize the value of the company while ensuring financial stability and sustainability. This includes budgeting, forecasting, investment analysis, cash flow management, and financial reporting. Financial management helps organizations make informed decisions regarding their finances, manage risks, and optimize their capital structure. It is essential for ensuring that the organization can meet its short-term and long-term financial objectives, maintain profitability, and achieve growth.