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Financial management is a very crucial department of any business organization. In order for a business to survive in the market in which it is operating in, clever and appropriate decisions regarding financial matters should be made which will ensure a very smooth flow of the organizational cash. Financial management involves the control of all the financial or money related activities in an organization. It is the role of a financial manager to plan, organize, control and monitor all the financial resources of the organization in a more effective manner, to maximize the profits and the wealth of the organizational shareholders. Incorrect Decisions may have a profound effect on the organization such as bankruptcy. It is not the plan of business people to start a business and within no time, it dissolves due to bankruptcy. It is a very bad experience everyone would not wish to have. To avoid all these, it is important for a business to find ways of managing its finance, in a way made for the organization to achieve its goals and objectives. People who take financial management as a course have greater chances of quick employment, considering the rapid growth in the business industry. The study of financial management largely employs mathematical calculations. As such, many students struggle a lot in understanding these mathematical concepts.
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