A study on the types and purpose of Financial Management

Abstract

When starting a business, one of the most crucial things to think about is how to finance it. In addition, a substantial cash reserve and sound financial management are essential not only throughout a company's active operating period but also after it has been sold or liquidated. Because of this, sound fiscal management and control are essential throughout a company's existence. Planning, organising, directing, and controlling the company's financial activities are all part of financial management. Obtaining and spending cash are examples of such actions. Maintaining a company's financial records is a crucial but sometimes forgotten duty. Planning, organising, regulating, and monitoring a company's financial resources strategically to meet the company's goals and objectives is known as financial management.