Financial Management is the process of finding, analyzing, and reporting on the financial position and performance of an organization. It is an area of expertise that involves the tracking, monitoring and managing of all financial elements within an organization. From budgeting to investment and short-term financing decisions, it involves careful planning and decision-making with a focus on meeting organizational goals. In essence, Financial Management involves the proper utilization of the company’s funds with a view to maximize the returns generated by them.