| John Spacey, September 09, 2015 updated on February 23, 2023
Financial management is the practice of planning and controlling the resources of an organization including revenue, cost, budgets, accounting, cash, financial transactions and reporting. This is governed by laws, regulations, standards and best practices. Financial management requires due diligence in the execution of fiduciary duty as it is fundamental to the integrity and reputation of an organization. The following are common examples of the duties and functions of financial management.
Budget variance analysis
Business financing & refinancing
Capital budgeting i.e. capex
Cash flow analysis
Financial compliance e.g. accounting standards
Financial controls e.g. budget approvals
Financial due diligence
Financial operations e.g. payroll
Financial performance analysis
Financial processes, systems & technology
Financial risk management
Mergers & acquisitions
This is the complete list of articles we have written about financial management.
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The common types of asset.
The practice of recording day-to-day financial transactions such as purchases, sales and payroll.
A list of types of budget, budget control and budget planning techniques.
A list of costs commonly incurred by businesses.
Funds that are used to acquire or upgrade long term assets.
A definition of financial controls with a few examples.
An ongoing cost of business.
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