Revise the concept of financial management

Question

Accepted Answer

Financial management involves planning, organizing, directing and controlling financial activities of an organization.

Financial management is the process of managing an organization's financial resources to achieve its goals and objectives.
It involves planning and budgeting, financial analysis and reporting, cash management, and risk management.
Financial management also includes managing investments, financing decisions, and capital structure.
Effective financial management helps organizations make informed decisions, reduce costs, and maximize profits.
Examples of financial management tools include financial statements, budgeting software, and financial analysis models.

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