Main Article Content
Abstract
The primary objective of financial management is to maximize the wealth of equity shareholders. Though profit is the primary objective of any organization, financial management is more concerned with profit distribution to equity shareholders. Financial management is the process of planning, controlling, arranging, and directing the firm's financial resources. Any finance manager's challenge is to have in-depth understanding of the procurement, allocation, and management of the business's cash. Any organization's success is contingent upon its financial management being efficient. The researcher emphasized on the numerous management approaches used in finance in this study. The data is compiled from secondary sources of information and data. The document improves the quality of financial management knowledge and enables the reader to grasp the subject's fundamental concepts and procedures.