The role of financial management in the company

Abstract

Financial management plays an important role in the development of enterprises as well as in the development of a country's economic activity. Financial management has a special place in the management system, because of the close connection between finance and management, technology, resources, personnel, etc. The modern financial manager needs to be flexible in order to be able to adapt to changing economic conditions. Its success and ability to find financing sources and manage financial resources depend on the success of the enterprise and the entire economy. For this reason, the primary task of financial management is to maximize the value of stocks by making decisions that increase the value of the company.