What is Finance Management

Health Review Board January 26, 2022

 

What is Finance Management

Finance is the lifeline of any business. However we talk about finances, like most other sources, are always limited. On the other hand, wants are always unlimited. Therefore, it is important for a business to manage its finances efficiently. As an introduction to financial management. Financial management refers to the 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. Take a look at the objectives involved: 

  • Maintaining enough supply of funds for the organisation
  • Ensuring shareholders of the organisation to get good returns on their investment
  • Optimum and efficient utilisation of funds
  • Creating real and safe investment opportunities to invest in. 

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