Respuesta :
Financial Management consists of all the activities concerned with obtaining money and using it effectively.
At its center, financial management is the exercise of creating a marketing strategy and then making sure all departments stay heading in the right direction. strong economic control permits the CFO or vp of finance to offer statistics that helps introduction of an extended-variety vision, informs choices on in which to invest, and yields insights on how to fund the ones investments, liquidity, profitability, coins runway and more.
In easy phrases, financial management is the enterprise characteristic that deals with making an investment the to be had economic resources in a way that greater commercial enterprise success and return-on-funding (ROI) is finished. financial control experts plan, organize and control all transactions in a enterprise.
The number one intention of economic management is to manage an agency's price range in order that corporations are compliant with important regulations and are a hit of their area. The process involves excessive-stage making plans and right execution. whilst executed proper, groups prevail and improve profitability.
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