FAQ's
Q: What is the main goal of financial management?
A: The goal of financial management is to maximize the respective profits, minimize their expenses and maximize their shares of the company. It means a company to make money and keep it.
Q: Why is financial management so important in business?
A: Budgeting is the area of financial management which involves the planning for the respective type and the typical expenses. Sound budgeting enables the business to approach financial decisions.