financial management

Controlling monetary resources

Financial management is the planning, organizing, and controlling of money and financial resources.

In business, it covers budgeting, investing, and managing cash flow to maximize value: The company's financial management kept them profitable through the recession.

Personal financial management involves budgeting, saving, and debt control.

The term implies strategic oversight rather than simple bookkeeping.

academic

accounting

Maintaining financial records

  • economicsScience of resource allocation
  • valuationAssessment of monetary worth
  • MBAGraduate degree in commerce

CFA · certification · curriculum · textbook · coursework

budgeting

allocation

Distribution of shares

revenue · deficit · surplus · variance · planning · projection · fiscal · costs · expenditure · capital

profitability

revenue

Business income total

return on investment · operating profit · profit margin · bottom line · markup · cash flow · turnover · monetization · break-even · loss prevention

savings

deposit

Place for safekeeping

rainy day fund · emergency fund · retirement · frugality · endowment · escrow · safety net · compound interest · high-yield · liquidity

investment

stocks

Ownership stakes or inventory

equities · mutual funds · securities · asset allocation · retirement planning · capital gains · dividends · market analysis · risk assessment · trading

Categories
Opposites
fiscal discipline vs. fiscal chaos

financial managementfinancial mismanagement

Improper handling of funds

profligacy · squandering

strategic oversight vs. narrow recordkeeping

financial managementbookkeeping

Recording financial transactions systematically

recordkeeping · bean counting · data entry · record-keeping · number crunching

stewardship vs. exploitation

financial managementembezzlement

Fraudulent taking of entrusted assets

financial fraud · asset stripping · looting · misappropriation · plundering

Family

manage, finance, management, finances, financial, financing, financed, financier, managerial

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