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Financial management is the process of managing one's personal, household, and business finances. It includes budgeting, planning for future financial needs, and risk management.
The features of financial management are as follows:
- Determines the financial needs of the company
- Design the capital structure
- Select multiple sources of finance
- Manages the working capital
Financial management is the process of planning, organizing, and controlling financial resources.
Financial management involves setting up an annual budget, developing a cash flow forecast, creating a balance sheet, and monitoring your portfolio's performance.
The most important feature of financial management is to have a clear understanding of your financial goals and objectives. This will help you make the necessary decisions to meet your goals as well as avoid costly mistakes.
Financial management is the process of planning, organizing, and controlling financial resources. It is the process of making informed decisions regarding money and other assets that are needed to achieve a goal or meet an objective.
The following are some features of financial management:
- Decision making
- Cost control
- Financial planning
- Budgeting
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