ISSN: 2226-3624
Open access
For many, financial management means: managing your bank accounts: paying your rent or mortgage, paying your utility bills, buying groceries, maybe even planning a monthly budget. But business financial management is a much more complex concept. It involves controlling and tracking all money coming in and out of the company, as well as taking steps to increase the profitability and financial security of the company.Financial management means controlling the flow of money in and out of the organization. Every business must sell products or services, pay expenses, balance the records and record taxes. Financial management includes all of these, along with more complex processes such as paying employees, purchasing materials, and submitting reports to government agencies to show compliance with applicable laws and regulations. The act of monitoring all these transactions is the financial management of a company. In general, the bigger the company its, the more complicated financial management becomes.
C?runtu G. A., T?n?soiu G., Romanescu G. (2007). Financial management, Brîncusi Târgu Jiu Academy publishing house, p. 46.
Cojocaru, M., ?estacovskaia, A., Mihalachi, R. (2018). Basics of Financial Management, Course Notes, Chisinau Publishing House, p. 6.
Dragota, V. (2003). Financial management, volumes I and II, Economic Publishing House, Bucharest.
Isfanescu, A., Stanescu, C., Baicusi, A. (1999). Economic-financial analysis, Economic Publishing House, Bucharest, second edition, p. 10.
Manolescu, G. H. (1995). Financial management, Economic Publishing House, Bucharest.
Popa, A. (2001). Financial management, Economic Publishing House, Bucharest.
Robinson, S. (1999). Financial management, Teora Publishing House, Bucharest.
https://www.oracle.com/ro/erp/financials/financial-management/
Larisa, V. (Ene) L. (2024). Financial Management and its Importance within a Company. International Journal of Academic Research in Economics and Management Sciences, 13(4), 150–154.
Copyright: © 2024 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode