financial management

Financial management is the business function concerned with profitability, expenses, cash and credit, so that the "organization may have the means to carry out its objective as satisfactorily as possible;"
the latter often defined as maximizing the value of the firm for stockholders.
Financial managers (FM) are specialized professionals directly reporting to senior management, often the financial director (FD); the function is seen as 'Staff', and not 'Line'.
Financial management is concerned with efficient acquisition and deployment of both short- and long-term financial resources, to ensure the objectives of the enterprise are achieved.

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