Role of Financial Management in Companies

Role of Financial Management in Companies 
1. Financial Management Companies
a. Understanding financial management
Financial management is an activity planning, budgeting,
audit, management, control, search and storage fund
owned by the organization or company.

Based on that financial management is the task of leadership
with primary responsibility is to make decisions regarding investment
and financing company with the most effective and efficient.
In this regard contained management functions of planning, organizing,
directing and controlling the use and needs
corporate finance.

Based on what has been stated, the financial management (Financial
Management) is the other literature mentioned as expenditure, is
all activities related to the company how to obtain funds,
use of funds, and manage assets according the company's overall objectives.
In other words, financial management is the management (management)
on how to acquire assets, asset finance and manage assets for
achieve its goals.

So from that definition there are 3 main functions in financial management, namely:
1. Investment Decision (Investment Decision)
2. Decisions Funding (Financing Decision)
3. Decisions Asset Management (Asset Management Decision)

Then the financial management function for obtaining funds and allocation
applies to all types of organizations, namely:
- Profit oriented
- Not for profit organization
So the function of a person responsible for the financial aspects of the organization
is :
- Planning
- Acquire
- Use of funds for the purpose of maximizing the value of the company.