A MOF service management function in the optimizing quadrant. It provides the sound management of monetary resources in order to support organizational goals. Financial management may include cost accounting, budgeting, project investment appraisals, and in some organizations, cost recovery.
Management of the financial activities of the organization, program, project or major work package. [D02773] RMW
Technique used to balance income vs. expenses. Responsible financial management usually results in an excess of monies available. (This style of managing finances has yet to be mastered by the United States Government.)
The management of all the processes associated with the efficient acquisition and deployment of both short and long-term financial resources. Within an organisation financial management assists operations management to reach their financial objectives.
The processes which trustees, managers, staff and beneficiaries use to make sure that financial resources are used to achieve an organisation's objectives efficiently, effectively and accountably.
Managing acquisition of funds and utilization of those acquired funds
Financial management is the general term that describes the management of all the processes associated with the raising and use of financial resources in a business.
Methodology for assuring Profit. A procedure for monitoring and managing expenses and income. Part of a business philosophy. Also see Set of Books and Profit.