Question

what is financial management. explain how it's work​

Answer 1

Answer:

It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives. ... A finance manager is designated for handling finance and managing its resources within an enterprise. All finance-related decisions are taken at this position.

Explanation:

Answer 2

Answer:

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the e

Explanation:

1. Estimation of capital requirements: A finance manager has to make estimation with regards to capital requirements of the company. This will depend upon expected costs and profits and future programmes and policies of a concern. Estimations have to be made in an adequate manner which increases earning capacity of enterprise.
2. Determination of capital composition: Once the estimation have been made, the capital structure have to be decided. This involves short- term and long- term debt equity analysis. This will depend upon the proportion of equity capital a company is possessing and additional funds which have to be raised from outside parties.
3. Choice of sources of funds: For additional funds to be procured, a company has many choices like-Issue of shares and debentures.