Functions of financial management do not include anything related to physical tasks, such as manufacturing goods or managing inventories. Instead, these activities are better left to other departments. Financial management focuses on the use and management of money within an organization. This includes budgeting, forecasting, investments, risk management, and more. In order to be successful at financial management, one must have a clear understanding of business practices, regulations, and laws. It is also important to possess strong analytical and problem-solving skills in order to identify problems before they become serious issues.