MANAGEMENT

Detailed explanation-1: -The Financial Management main role is to plan, organise and govern all the financial activities of a company. It applies management ethics to the financial resources of a company.

Detailed explanation-2: -Financial management is that managerial activity which is concerned with planning and controlling of the firm’s financial resources.

Detailed explanation-3: -The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.

Detailed explanation-4: -Financial planning ensures: Reserving future cash flow to business technology elements (budgeting) Measuring the actual spend by business technology elements and comparing actuals to planned costs to identify deviations and suggest corrective actions (controlling)

Detailed explanation-5: -Financial management This type of business management involves planning, directing and coordinating the accounting, investing, banking, insurance, securities and other financial activities of a business.