Financial Management is an activity of planning, budgeting, audit, management, control, search and storage of funds owned by an organization or company.
Brief Explanation of Each Function of Financial Management:
1. Financial Planning
Make a plan for revenue and pengeluaraan and other activities for a certain period.
2. Financial Budgeting
Follow-up of financial planning with a detailed expenditure and income.
3. Financial Management
Using the fund companies to maximize existing funds in various ways.
4. Finance Search
Finding and exploiting existing funding sources for operational activities of the company.
5. Finance Storage
Collect funds and keep the fund company safely.
6. Financial Control
Evaluating and improving finances and financial systems in paerusahaan.
7. Audit
Conducting internal audits of the financial companies that exist to prevent irregularities.
Financial Management Duty
Basic tasks are performed by a financial manager in general are:
1. Getting Funds Company
2. Using Company Funds
3. Dividing Profit / Profit Companies
Objectives of Financial Management
The aim with the finance manager to manage the fund company at a company in general is to maximize corporate value. Thus if a company sold when the price can be set as high as possible.
