In this module you will become acquainted with what financial management is. Financial management is one of the most important aspects in business. In order to start up or even run a successful business, you will need excellent knowledge in financial management. This form of management is important for various reasons. Take a look at some of these reasons:
Helps organisations in financial planning;
Assists organisations in the planning and acquisition of funds;
Assists organisations in making critical financial decisions;
Helps in improving the profitability of organisations;
Increases the overall value of the firms or organisations;
Provides economic stability;
Encourages employees to save money, which helps them in personal financial planning.