What is meant by Financial Management?

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What is meant by Financial Management?

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  • 03 Dec, 2018

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The planning, organizing, directing and controlling all the financial activities of an organization is referred to as financial management. In order to carry out management in an effective way, various principles of financial management are applied.

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Financial management is an activity that monitors the financial resources of the organization with the aim of accomplishing the organizational objectives and goals. Financial management is done by the financial managers of the particular organization. 

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Financial Management is about preparing, guiding and managing the money related activities of the company. All the activities that involve the inflow and outflow of the cash, are recorded by the financial managers of the organization. 

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