Financial Management - An Overview
Submitted by lev_lafayette on Thu, 10/15/2009 - 02:05Financial management is the process of planning, controlling and evaluating financial decisions. The assumed goal is the maximisation of shareholder wealth in for-profit organisations and deliver nominated services in a not-for-profit. Business organisations are defined as sole properietorship, partnership, companies (public and proprietary) and can be distinguished by their liability, limited, unlimited and, in the case of mining companies, no liability.