Efficiently managing money for the achievement of the organization’s objectives is known as financial management. Financial management is directly associated with the management of the organization. Financial management is basically implementing management policies for a better implementation of finances within the organization. Financial management is also a guide for securing any available investment opportunities. Financial management as a subject allows a student to understand the dilemmas faced within an organization regarding purchase decisions and pricing their products. All finances within a company are handled by the financial department including the major stock transactions.