DEFINITION OF FINANCIAL MANAGEMENT

The Financial Administration is the one that takes care of the financial resources of the company. Financial Management focuses on two important aspects of financial resources such as:

• profitability

• liquidity.

This means that the Financial Administration seeks to make financial resources profitable and liquid at the same time.

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Some concepts of financial administration
 * THE FINANCES
 * PROFITABILITY
 * LIQUIDITY
 * BUDGET
 * CASH FLOW
 * CAPITAL EXPENDITURE
 * OPERATING EXPENSE
 * OUTPUT FLOW
 * IMPUT FLOW