Financial management is a complex and multifaceted process that has many different facets. This includes managing the company’s capital, financial planning, risk management, and more. The scope of financial management is broad and spans across many different areas of business. It also covers many different types of organizations including corporations, non-profit organizations, government agencies, and more.
Financial management is the process of planning, organizing, and monitoring financial resources. The scope of financial management is wide. It includes ensuring that a company or individual has enough money to maintain its operations and fulfill its obligations. It also includes managing the risk associated with investment decisions, budgeting for long-term goals, and developing plans for raising capital.
The scope of financial management is an extensive one. It includes the management of the financial resources of a company and the investments made by it. The scope of financial management is vast and it has been expanding with time. The field has grown in terms of size, complexity, and importance over the years. Financial management involves managing a company’s cash flow, budgeting, valuation, investment decision-making, risk analysis, and more.
Please login or Register to submit your answer