Financial management is all about monitoring, controlling, protecting, and reporting on a company's financial resources.
Companies have accountants or finance teams responsible for managing their finances, including all bank transactions, loans, debts, investments, and other sources of funding.
Financial management is the business function concerned with profitability, expenses, cash and credit.
These are often grouped together under the rubric of maximizing the value of the firm for stockholders.
Financial management is strategic planning, organising, directing, and controlling of financial undertakings in an organisation or an institute.
It also includes applying management principles to the financial assets of an organisation, while also playing an important part in fiscal management.