PANTOMATH

Financial Management

Financial Management is the process of planning, organizing, controlling, and monitoring financial resources to achieve business objectives. It ensures that a company remains profitable and financially stable.

1. Financial Accounting

• Focuses on recording, summarizing, and reporting financial transactions.
• Helps businesses prepare financial statements like the balance sheet and income statement.
• Ensures transparency and compliance with accounting standards.

2. Managerial Accounting

• Provides financial data for internal decision-making.
• Helps in budgeting, cost analysis, and performance evaluation.
• Used by managers to improve operational efficiency and profitability.

3. Corporate Finance

• Deals with investment decisions, risk management, and capital structure.
• Involves financial planning, capital budgeting, and dividend policies.
• Aims to maximize shareholder value while managing financial risks.

Good financial management ensures business sustainability, reduces financial risks, and improves overall profitability.