Financial management can be summarized in the use of economic principles and concepts to make decisions and solve financial problems, which has the following functions:
Making the right decision in the field of collecting liquidity with the lowest amount of cost through balancing wages or involving investment resources
Optimal segmentation
Recognizing the appropriate growth potential
Elaboration of profitability plan according to
Reasonable pricing
Competition
The economic situation
Demand, supply
Returns
Capital market analysis through:
Artificial intelligence (such as the Kendall program)
balanced analysis (such as CMPRO)
Basic duties in managing financial resources:
1) Estimation of required capital
2) Budget preparation and allocation
3) Financial control
4) Managing the distribution of surplus profits among shareholders
5) Smart financial management and budget deficit prevention
6) Management of financial documents
7) Management of the property system
8) Management of the budget system for the level of budget control
9) Management of the treasury system
10) Management of financial reports
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