The four basics of financial management include:
1. Planning: Involves setting financial goals and creating strategies to achieve them, including budgeting and forecasting.
2. Controlling: Entails monitoring financial activities to ensure they align with set plans and using resources efficiently.
3. Organizing: Focuses on structuring financial systems and processes, like accounting and payroll, to streamline operations.
4. Decision-Making: Uses financial data and analysis to make informed choices on investments, expenses, and resource allocation.