explain the purpose of finance manager
Meaning of Financial Management. Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.It means applying general management principles to financial resources of the enterprise. Management of cash: Finance manager has to make decisions with regards to cash management. 2  Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of enough stock, purchase of raw materials, etc.