Financial Management
Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the 'Line' but also in the capacity of 'Staff' in overall of a company. It has been defined differently by different experts in the field.
The term typically applies to an organization or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It ...more
The term typically applies to an organization or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It ...more
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If you found yourself at the top of the organization, try your level best not to directly manage funds or have ultimate power over financial managers. Otherwise, you will find yourself at the bottom of the prison cell wondering what happened.
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Everything is in excess except money, thereof, it should be well managed.
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