Financial management is the study and practice of decision
making dollar * denominated in one company, namely, micro-finance. Most job
opportunities in the field of finance in financial management, every company
needs a financial manager, even a one-man operation. The financial manager is
concerned with the acquisition and allocation of financial resources for the
company. They spend most of their time managing working capital (short-term
assets and liabilities).
* Or yen or euros, etc. This includes money market (short
term debt) and capital markets (long-term debt and equity). Financial markets
provide companies and governments with liquidity, and capital markets provide
the same entity with long-term capital. Typical financial institutions are
commercial banks, investment banks, Thrifts, insurance companies, and credit
unions. This work is usually found in one of three areas:
a) the sale,
b) security analysis and portfolio management, or
c) financial planning. Typical company is a stock
securities, commercial banks, investment companies (mutual funds), and
insurance companies.
People who work in one of the three main areas of finance
must be familiar with the workings of the other two. The three areas of
strongly interacting.