FINANCIAL MANAGEMENT
FINANCIAL MANAGEMENT Financial management can be defined as the management of finances of an organization in order to achieve financial objectives of an organization. The objectives can be wealth maximisation, profit maximisation, and others. Knowledge in financial management has also a great influence in individual other than the entire organization. Awareness of managing finances can help individual plan, control, and make decisions on his/her finances to avoid misuse of the available resources. I have carried out research on success in life. Individual to be successful in life must take into the consideration the role of financial management in his/her lifetime. This is the reason why many businesses are closing down due to failure to manage its finances. ROLES OF FINANCIAL MANAGEMENT 1. Financial Planning The individual, financial managers will need to plan in order to ensure that enough funding available at the right time to meet the needs of...