Understanding Financial Management

Financial management is an activity of planning, budgeting, inspection, management, control, search and storage of funds owned by an organization or company.

Brief Explanation of Each Function Financial Management:
1. Financial Planning
Make a plan and  income and other activities for a certain period.
2. Financial budgeting
Follow-up of financial planning by creating detailed expenditure and income.
3. Financial Management
Using company funds to maximize the funds available with a variety of ways.
4. Search Finance
Finding and exploiting existing funding sources for operational activities of the company.
5. storage Finance
Raise funds and save the company money safely.
6. Financial control
Evaluation and improvement of finances and financial systems in company
7. audit
Conduct internal audits of the financial companies that exist to prevent irregularities.

Basic tasks are performed by a financial manager in general are:
1. Company Funding
2. Using Company Funds
3. Dividing Profit / Profit Companies