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One of the three areas of the discipline of finance. It deals with the operation of the firm (both the investment decision and the financing decision) from the firm's point of view.ITs called financial mamagement or corporate finance
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoFinancial management is that managerial activity which is concerned with the planning and controlling of the firm's financial resources. Planning, directing, monitoring, organizing and controlling of the monetary resources of an organization.
There are 3 important decisions involved:
1. Financing (where you get money from)
2. Investing (where do you allocate funds)
3. Dividend (how much to distribute and what to retain)
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What is the financial management function?
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