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Financial management can be defined as the process of getting the financial resources of a business or an organization at the right places so that they can be utilized in the most optimum and legitimate way. It is usually the job of the managers dealing in accounting, and finance to make sure that the financial resources of a company are safely invested at the places where they will bring the maximum returns the least of losses.
This is a major subject if you have opted for finance in MBA or any other management course. Some universities also have this subject as a compulsory subject as it is basically a requirement for all the managers to know where the resources must be invested and how they must be managed.
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