April 23, 2024

Financial Management

Financial management is the process of creating and managing financial plans in order to meet short-term and long-term financial goals. This involves assessing current financial situations, creating projections and budgets, developing strategies, evaluating and reporting on financial results, and developing financial strategies. Financial management entails managing income and expenses, budgeting, managing investments, managing taxes, managing cash flow, creating wealth, and dealing with financial risks. Understanding how to apply key principles of financial management is essential for success in today’s fast-paced, global economy.

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