Financial management is the process of planning, organizing, directing, and controlling the financial activities of an organization. The goal of financial management is to maximize the organization's financial resources and minimize financial risks.The financial manager is responsible for the financial health of the organization. They create financial plans, monitor and control spending, and make decisions about how to use the organization's financial resources.Financial management is a critical part of the overall management of an organization. It is important to have a good understanding of financial concepts and principles in order to make sound financial decisions.There are a variety of financial management tools and techniques that can be used to improve the financial health of an organization. Financial analysis, budgeting, and cash flow management are just a few of the most important tools and techniques used in financial management.