What is the role of financial management?

QuestionsWhat is the role of financial management?
Deepak Goyal asked 2 weeks ago
   
3 Answers
Akshaj Singh answered 2 weeks ago
Financial management is the process of planning, organizing and controlling the use of financial resources. It includes the monitoring of cash flows, budgeting and forecasting. The role of financial management is to make sure that a company has enough money to last them for a long period of time while still being able to produce profit with minimal losses. The following are some examples of the role of financial management: - Manage funds - Manage investments - Manage liquidity - Forecasting  
Nikhil Rawat answered 2 weeks ago
Financial management is one of the most important roles in any company. It includes managing the company’s finances, which includes setting up and maintaining a budget, making sure that all payments are made on time and that the financial records are accurate. The role of financial management is to make sure that your money is put to good use. It is not just about making sure that the money you have is safe and sound. It requires a lot of responsibility, which one cannot do without proper training. The role of financial management includes managing the cash flow, budgeting, forecasting, risk management and controlling expenses.  
Priya Vishwas answered 2 weeks ago
Financial management has become a common term that means different things to different people. Some people interpret it as the process of planning and controlling the use of money, while others think of it as a broad term that includes all aspects of money. The role of financial management is to make sure your company is financially sustainable. It includes making sure you are staying on track with your budget, managing cash flow, and ensuring there is enough money in the bank for future expenses.