The t
erm financial managment consist of two words financial and managment, the term financial means deal with the money. So financial managment means the managment of the matter that deal with the money is known as financial managment.Financial management entails planning for the future of a person or a business enterprise to ensure a positive cash flow. It includes the administration and maintenance of financial assets. Besides, financial management covers the process of identifying and managing risks.
erm financial managment consist of two words financial and managment, the term financial means deal with the money. So financial managment means the managment of the matter that deal with the money is known as financial managment.Financial management entails planning for the future of a person or a business enterprise to ensure a positive cash flow. It includes the administration and maintenance of financial assets. Besides, financial management covers the process of identifying and managing risks.The financial managment deals with assects of the organization and the expenditure. So the term financial managment is very important in today business.Without the financial managment the assects cannot be handled so for handling of assects financial managment is necessary. The necessary of the financial managment is common in every fields.The primary usage of this term is in the world of financing business activities. However, financial management is important at all levels of human existence because every entity needs to look after its finances.
No comments:
Post a Comment