Financial Management

Financial Management is concerned with the management of a firm’s financial resources to achieve their strategic goals. 

There are two elements of financial management: 

• accounting (the monitoring of day to day transactions of a firm) and 

• finance (where the firm acquires funds to operate). 

Financial Management is of critical importance as it is the final measure of business success. 

If a firm does not make a profit, then the whole operation will eventually grind to a halt.

This course requires that you understand THREE financial statements. You might need to create one of these from data, respond to questions using the data in one of these statements, or explain the purpose of each one. The THREE statements are: