Financial management is a critically important process in business that involves the careful planning, organization, and control of financial resources to achieve an organization’s goals. It involves assessing future needs, securing capital and investing it in a way that maximizes returns while mitigating risk. The goal of financial management is to ultimately maximize shareholder value by making the best use of an organization’s financial resources. To do this, sound decisions must be made regarding investment strategies, asset allocation, and cash flow management. Of course, all of these decisions must align with the legal and regulatory framework of the relevant jurisdiction. In short, the utility of financial management is to ensure that an organization’s financial actions are consistent with its long-term objectives and are pursued in a manner that maximizes returns while minimizing risk.