Define financial management.

Financial management is the process of planning, organizing, directing, and controlling an organization's financial resources in order to achieve its financial goals and objectives. This includes activities such as budgeting, forecasting, cash flow management, investment decisions, and financial reporting. The goal of financial management is to maximize the organization's wealth and value while minimizing risk.

Financial management is the process of planning, organizing, directing, and controlling financial resources to achieve specific organizational goals. It involves the efficient and effective use of financial resources to maximize shareholder value. Financial management includes activities such as:

- Planning and forecasting financial needs
- Raising capital
- Allocating and managing financial resources
- Investing and managing investments
- Managing risk
- Monitoring financial performance
- Reporting financial results