What is financial management? What is the main purpose of financial management? Why is financial management important for a business? 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. Why financial management is important in our daily lives? Financial management helps you in Budgeting your income. Budgeting helps in planning your income where your money should be spent, how much income should be saved, how much should be invested. Why do we need to learn financial management? Why is financial management important? A good financial management system enables you to accomplish important big picture and daily financial objectives, right? Let’s know further about the concepts of financial management with the help of a presentation, shall we?

Anjali Krishna SS

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