Presentation on Financial Management Topic Financial Management is the Application of the Planning and Control Function to the finance function. Presenting by: Md.Ashek Rasul Rahat Roll:1612 6th Semester 44th Batch Presenting to: Mrs. Fahmida Ahmed Assistant Professor FBA, USTC UNIVERSITY OF SCIENCE AND TECHNOLOGY CHITTAGONG (USTC) FACULTY OF BUSINESS ADMINISTRATION (FBA) P R ES EN TI N G D ATE: 25/11/2021 Financial management Financial management refers to the strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an institute. It also includes applying management principles to the financial assets of an organization Financial functions Financial functions calculate financial information, such as net present value and payments. Activities of Finance function Financial planning Forecasting cash inflows and outflows Raising funds Allocation of funds Effective use of funds Financial control Financial planning function Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved. Strategic role of financial management. Objectives The of financial management. planning cycle. Financial controls function Financial controls are the procedures, policies, and means by which an organization monitors and controls the direction, allocation, and usage of its financial resources. Financial controls are at the very core of resource management and operational efficiency in any organization. Detecting overlaps and anomalies Timely updating Analyzing all possible operational scenarios Forecasting and making projections Thank YOU