Financial Management

Financial management is the strategic planning, organizing, directing, and controlling of financial activities within an organization. This process involves the effective management of funds to achieve the organization’s financial goals and objectives. Key components of financial management include budgeting, forecasting, investment analysis, risk management, and financial reporting. It encompasses decision-making related to capital structure, dividend policy, and working capital management, ensuring that the organization maintains sufficient liquidity and maximizes its financial performance. The goal of financial management is to optimize the overall financial health and value of the organization while ensuring compliance with relevant financial regulations and policies.