Important thing in someone’s life is financially stability. Gradually you will expand your wealth creation which will help you to grow financially. Maintaining enough supply of funds for the organisation; Ensuring shareholders of the organisation to get good returns on their investment; Optimum and efficient utilization of funds; Creating real and safe investment opportunities to invest in. It supervises and manages all activities of the business to exercise financial control. Financial management helps in avoiding and taking any unnecessary debt by the company. Therefore due to standards rigidity, actual and standard performance cannot be properly evaluated. Related Careers: Compare the job duties, education, job growth, and pay of financial managers with similar occupations. Also read: Understanding the Investment risk and its types. ACCA and CIPM of Nigeria sign a collaborative agreement, LSBF Professional Qualifications Campus Re-opening from 1 September, Policies and Procedures: Admissions, Complaints & Attendance, International Telematic University UNINETTUNO, Postgraduate Certificate Programmes and Diplomas, Business Administration & Project Management, MA Innovation, Risk Management and Leadership, Postgraduate Certificate or Diploma in Management, Postgraduate Certificate or Diploma in Finance, Postgraduate Certificate or Diploma in Marketing, ACCA + Global MBA/Master's in Finance and Investments, AAT Level 2 Foundation Certificate in Accounting, AAT Level 2 Foundation Certificate in Bookkeeping, AAT Level 3 Advance Diploma in Accounting, AAT Level 3 Advance Diploma in Bookkeeping, AAT Level 4 Professional Diploma in Accounting. This depends on the amount of the capital the company owns, and the amount that needs to be raised via external sources. Ensure your presence on the website is consistent. It is highly recommended that you should start thinking of financial management when you can see how many benefits you get from it. It will provide you financial stability, improve your standard of living, give you peace of mind and keep you financially stress free. Therefore, finance plays a very important part to find ways to spice up your earnings. Your email address will not be published. What is Financial Management with Examples, Investment Valuation and Project Valuation Methods and Techniques, Financial Management Quiz - Question and Answers, Top 10 – Best Finance Websites in the World, Top 10 – Best Financial Websites in India, Personal Banking Products, Services, Online & In-branch Solutions, Benefits & Advantages of Axis Global Equity Alpha Fund of Fund, Different Types of Financial Planning Models and Strategies, What is Investment & Objectives of Investment – Investing for Beginners, Sandeep Bakhshi, CEO ICICI Bank on Plans Around Moratorium and COVID-19 Related Provisions, What are the Legal Matters you Should Know Before you Start Investing, Top Best Ways to Make Money in Forex Foreign Currency Exchange Trading, Systematic Deposit Plan – Best Saving Option, Best Trading Books in Stock Market of all Times, Best Investing Books for Investors and Beginners, Best Personal Finance Books for Beginners and Students, Best International and Strategic Financial Management Books.