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Financial Management Definition:
Financial Management denotes how both 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 managerial level on 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 helps in the administration 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 managements is the dealings of policies of dividend for share holders.
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