Many people may not be familiar with the functions of financial management, and some are curious to learn about these functions and explore their academic meaning, as well as to identify the differences between them. In this article, we will discuss the management and functions of financial management and financial assets, with a focus on the financial management courses offered by the British Academy for Training and Development to help participants gain a deep understanding of these concepts.

Definition of financial management functions:

Before we identify the jobs of financial management, we will talk about financial management and its importance among other elements of the management of the company.

Definition of Financial Management:  Financial management can be defined as a set of actions and activities undertaken by the Board of Directors. In order to manage all accounts of the company and control the movement of the company's funds and management accurately and work on the implementation of all procedures. To achieve the objectives of the company in the development, expansion, growth and control method of investment funds methodology that return to the company in a positive way to increase the company's revenues and profits.

What are the jobs of financial management?

The jobs of financial management are five main jobs:

1. Planning:
   Is a key job that depends on the management's ability to anticipate the future and to choose the best ways to achieve the best achievements in the future.
2. Organization:
   Is a job that involves merging and mixing human resources "staff and personnel" with material resources into a core model, that includes tasks and competencies.
3. Employment:
   Is a well-known task that depends on the management's ability to choose the right person to work, train and recruit him in the right place and time.
4. Guidance:

Is a task that involves motivating employees and workers and guiding them to achieve company objectives.

5. Supervision:

Is an important administrative function that means monitoring the performance of the company and employees and determining whether the company is able to achieve its objectives or not, and finding and eliminating weaknesses.

Fundamentals of Financial Management:

Identifying the jobs of financial management is not sufficient to reach a successful leadership of the company, but we must also recognize the assets of financial management, as follows:

• Division of work: The allocation of employees and workers each to a specific work skillfully earns the worker extensive experience in the field of his work, which leads to high quality.
• Authority: is to give the powers to the staff and give them confidence to control things more accurately.
• Command source unit: Unifying the command source "supervisor" for example reduces the chaos and explains the responsibility of the work.
• Justice: taking into account the treatment of all staff members alike.
• Stability: Never change things to ensure work stability.

Identifying the assets and jobs of financial management enables us to better understand financial management and expand our knowledge of corporate management. This is why the British Academy for Training and Development offers an integrated approach to accounting and various financial management functions.