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What is Finacial Management?

User Cvibha
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Answer:

financial management is a vital activity in any organization.

Step-by-step explanation:

Financial management has to do with the planning, organizing and coordinating of financial resources. it deals with how an organization financial resources is being managed, controlled and handled in a way that will increase the company's profitability culture and enhance its growth positively.

No business will survive if its funds arent utilized and controlled well; a properly managed finances does the following:

Endeavors to reduce the cost of finance

Ensures sufficient availability of funds

Increases visibilities within the business operation and as well improve compliance with regulations.

User Winster
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