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What is financial management?
It can be simply explained as a method to meet a company’s goals and objectives with proper management of finances. A proper planning of finance will be able to answer some basic questions that arise when you own a company or a firm or even as an individual like:
This will involve understanding and gathering of relevant financial information and probing on to current financial status and managing then so that you can meet your goals and future plans. As a student of financial management one needs to understand this as it will help them to be better employee later. So, completing the assigned projects is also important.
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What is the importance of financial management?
Now let’s give a glance on its importance:
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