{"id":77,"date":"2023-06-15T08:06:21","date_gmt":"2023-06-15T08:06:21","guid":{"rendered":"https:\/\/www.pikowant.com\/?p=77"},"modified":"2023-06-15T08:06:23","modified_gmt":"2023-06-15T08:06:23","slug":"financial-management-what-is-it-and-why-is-it-important","status":"publish","type":"post","link":"https:\/\/www.pikowant.com\/financial-management-what-is-it-and-why-is-it-important\/","title":{"rendered":"Financial management: What is it and why is it important?"},"content":{"rendered":"\n
Financial management is the process of planning, organizing, and controlling the financial resources of an organization. It is a critical function for any business, large or small, as it helps to ensure that the organization has the necessary funds to operate and grow.<\/p>\n\n\n\n
There are three main areas of financial management:<\/p>\n\n\n\n
Financial managers use a variety of tools and techniques to help them make these decisions, including financial statements, budgets, and forecasts. They also work closely with other members of the organization, such as sales, marketing, and operations, to ensure that the organization’s financial resources are used in a way that supports its overall goals and objectives.<\/p>\n\n\n\n
Here are some of the key responsibilities of financial managers:<\/p>\n\n\n\n
Financial management is a complex and challenging field, but it is also an essential one. By effectively managing their financial resources, businesses can improve their chances of success.<\/p>\n\n\n\n
Here are some of the benefits of good financial management:<\/p>\n\n\n\n
If you are a business owner or manager, it is important to understand the basics of financial management. By doing so, you can help your business to achieve its financial goals and objectives.<\/p>\n","protected":false},"excerpt":{"rendered":"
Financial management is the process of planning, organizing, and controlling the financial resources of an organization. It is a critical function for any business, large or small, as it helps to ensure that the organization has the necessary funds to operate and grow. There are three main areas of financial management: Financial managers use a […]<\/p>\n","protected":false},"author":4,"featured_media":78,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[9],"_links":{"self":[{"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/posts\/77"}],"collection":[{"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/comments?post=77"}],"version-history":[{"count":1,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/posts\/77\/revisions"}],"predecessor-version":[{"id":79,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/posts\/77\/revisions\/79"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/media\/78"}],"wp:attachment":[{"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/media?parent=77"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/categories?post=77"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pikowant.com\/wp-json\/wp\/v2\/tags?post=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}