Introduction In every company, financial management is a critical practice. It is an excellent practice for monitoring a company’s monetary operations, such as fund acquisition, fund use, accounts, transactions, risk evaluation, and all other money-related stuff. To ensure effective operation, careful management of a company’s finances offers quality fuel and daily service. If finances are not effectively handled, a company will face obstacles that could have severe consequences for its progress and expansion. Financial management Financial management refers to the company or institution’s strategy formulation, control, and financial undertaking management. It also entails applying the concepts of management to an organization’s financial assets and playing a vital role in financial prudence. There are many methods an organization can use to handle their finances,