Financial management

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.