The Importance and Impact of Financial Management on Business

Financial management is defined as part of the decision-making, planning, and control subsystems of a company. It may also include the evaluation, selection, management, and control of new investment opportunities. Effective management of existing funds and completing a mission requires proper financial management performance. This paper discusses financial management and its impact on businesses, leading to the better and greater success of organizations. To manage a business effectively and achieve its business goals, a good understanding of accounting and financial management is essential. The role of financial management and its contribution to business performance, as well as how to increase this contribution, requires thorough and detailed examination. Although this topic has always been of interest, the significant impact of financial management on successes and failures, especially visible in recent financial crises, necessitates increased attention to it. Financial management is at the heart of running a successful business. The research method used in this study is descriptive-analytical.

کلیدواژه ها:

Financial Management ، Business ، Planning and Evaluation ، Financial Crises