What are the advantages of financial management?

QuestionsWhat are the advantages of financial management?
Akshaj Singh asked 1 year ago
   
3 Answers
Deepak Goyal answered 1 year ago
Financial management is a process that helps people to plan, manage and make the best use of their money. It also helps them to avoid financial problems. Advantages of Financial Management:
  • It ensures better and sound decision making 
  • It ensures transparency of informations 
  • It enhance the managerial effectiveness 
  • It determines the adequate capital structure of the company
Priya Vishwas answered 1 year ago
Finances can be a difficult thing to manage. There are many financial management tools that can help you keep track of your money and make sure you are on the right track. Some of the advantages of financial management are: - Being able to plan for the future and save for your future - Managing your money better and being able to see how much you have left from month to month - Saving up for a vacation or some other big expense  
Nikhil Rawat answered 1 year ago
Financial management is an important aspect of life which can be used in many ways. It can help you save money, plan your future, and make smart investments. Advantages of Financial Management: - Helping you save money for the future - Helping you plan for the future - Helping you make smart investments - Improves your financial literacy