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.