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Financial Management Definition
Financial management denotes how much successful and proficient management of money or in other words funds are carried out by a company to achieve its goals and objectives. It is a function that is particularly dedicated to top of management level and how the things and operations of the company are carried on.
Main function is not only to see productivity of the machineries or assets but also to look at the capacity of staffs that overall help in the administration of a company. They are also responsible to look forward how to increase capital as well as how to assign for the principal budget. This will include both long term budgeting and short term budgeting of resources like existing assets. The other responsibility that is to be taken care by top management is the dealings of policies of dividend for share holders.
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