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Financial Management is so crucial for any organization, public or private sector as profit maximization and increasing the shareholder value depend, to a large measure, on efficient and effective financial management of the company or firm.
The cost of capital, capital budgeting, debt-equity mix, sources of finance, dividend policy, working capital management and financial planning.
agreed with mr georgei
The main philosophy behind the financial management is to maximize the flow of money into the organization, to be greater than the money flowing out of the organization.
Even the financial management of this role, it must answer three very important questions, these questions are in order:
1) What are the long-term investments that the organization embrace?
2) Where will the organization on a long-term funding to be able to direct the long-term investment?
3) How will manage the daily financial activities of the organization?
The fact that this is not all the questions on the financial management of her answer, but the three most important questions, and so The study of financial management is the aggregate is the study of the answers to these three questions.
Agree with Mr Georgei Assi
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