Financial Management

Financial management is the strategic planning, organizing, directing, and controlling of financial activities to achieve organizational and personal financial goals. Effective financial management involves budgeting, forecasting, investment analysis, and risk management. It helps in optimizing resources, ensuring liquidity, and maximizing profitability. By implementing sound financial practices, individuals and organizations can make informed decisions, achieve stability, and plan for future growth. Financial management is essential for sustainable success and long-term financial health.