What are the characteristics of financial management?

QuestionsWhat are the characteristics of financial management?
Akshaj Singh asked 2 weeks ago
   
3 Answers
Deepak Goyal answered 2 weeks ago
Financial management is a crucial part of any business. It is one of the most important tasks that every company must undertake. The characteristics of financial management are as follows: - Financial management is about managing finances and resources for a business's operations, growth, and profitability. - The main objective of financial management is to ensure that the company has enough funds to meet its objectives. - Financial managers work with other managers and employees in order to establish a company’s financial strategy.  
Priya Vishwas answered 2 weeks ago
A financial management process includes planning, budgeting, controlling, and evaluating the performance of a company. The following are some of the characteristics of financial management: - It is a process that is used to manage business activities in order to optimize profits, reduce costs, and ensure long-term sustainability. - It involves making decisions about how money should be managed during various stages in the life cycle of a business. - It includes strategic planning and setting goals for long term success.  
Nikhil Rawat answered 2 weeks ago
The financial management is a set of skills that are needed by all types of professionals, from managers to accountants. The three main characteristics of financial management include: - Financial planning and budgeting. - Risk management. - Financial reporting and analysis.