MANAGEMENT

Detailed explanation-1: -Financial management is strategic planning, organising, directing, and controlling of financial undertakings in an organisation or an institute. It also includes applying management principles to the financial assets of an organisation, while also playing an important part in fiscal management.

Detailed explanation-2: -Financial management refers to the acquisition, financing and management of assets. This decision-making process is very sensitive and must be under the control of a Financial Manager to analyze external and internal variables that can affect the normal development of company activities.

Detailed explanation-3: -Financial Management is a study of planning, designing, directing and managing the economic activities such as the utilization of capital and acquisition of the firm. To put it in other words, it is applying general management standards to the financial resources of the firm.