Financial Management

Financial Management refers to the strategic planning, organizing, directing, and controlling of financial activities within an organization. It encompasses the processes of budgeting, forecasting, and analyzing financial performance to ensure that resources are used efficiently and effectively to achieve the organization’s objectives. Key components of financial management include investment analysis, capital structuring, and working capital management. It aims to optimize the financial health of an organization by balancing risk and profitability, ensuring liquidity, and making informed decisions about asset allocation. Ultimately, financial management is essential for maintaining sustainability and growth in both short-term and long-term fiscal situations.