What do you understand by ‘management of fi nances’?
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Finance management defined as analyzing and dealing with money and the person who invests for a business, which helps the business people.
Explanation:
Financial management
- In various organization managing finance is the important activity.
- Example a company’s work can be done by accounting department for financial management.
- The organizational objectives and goals can be achieved by the process of organizing, planning, monitoring and controlling financial resources.
- It is the practice for the activities such as utilizing funds, payments, accounting, risk assessments and procurement and also the things involved by money.
- An enterprises financial possession is the principle of managements.
- This can done by their own, of hire an employee or with part time accountant and also managing all finances by third party.
To learn more;
- https://brainly.in/question/1427298
- https://brainly.in/question/2468643
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