FINANCIAL MANAGEMENT

Financial Management is one of the most important aspects for individuals and organisations in this rapidly growing world. It is no longer about saving money; it is about managing and growing money. To run a business efficiently and effectively and achieve business goals, one needs to have a good knowledge and understanding of financial accounting and management.
Finance is the lifeline of a business organization. It needs to meet the requirements of the business concern. Each and every business must contain an adequate amount of finances for the smooth running of operations. The business goal of any enterprise can only be achieved with the help of effective financial management. You cannot neglect the importance of finance at any given time or in any situation. The role of financial management is far too essential in the growth and success of a business organization. Let’s study both the role financial management plays in business organizations and its importance.