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What is Financial Management?



What are the 5 principles of finance

Financial management

In the world of economics, finance and the method of managing money is the lifeblood of enterprises of all activities. Funding or the so-called capital affects the business requirements of the facility, and it has a close relationship that links it to achieving profit, as it is the goal pursued by the economic establishments. The path of interest in managing money through financial services and tools provided by the science of financial management.


The Financial Management specialization provides comprehensive coverage on the fundamentals of corporate finance and investments, in addition to financial accounting science, methods for evaluating strategic financial decisions, studying capital markets from a financial point of view, understanding financial data and information in an integrated manner to analyze cash flows, and understanding how successful financing and investment decisions are made.

What is accounting?

Topics of financial management

In order for the financial management to achieve its function in the facility, it must go beyond its work from preparing reports and accounts to devising methods of investment, increasing capital in new assets (properties), and improving the financial performance of the facility, and this is all related to the specialization of financial management. Among the topics related to financial matters, such as business evaluation, facilities management and financing mechanisms, investment techniques, crisis management (risks), market studies, sales and purchases, restructuring or mergers, corporate governance, financial disclosures, and financial policies for entrepreneurship.

Areas of financial management

The financial management specialization includes several main areas that include topics in corporate financial management and policy, including:

  • Enterprise Finance: In this field, the student learns to manage the financial resources of non-financial establishments, planning processes and dealing with financial models, methods of financing, in addition to financial accounting, and everything related to financial specializations.
  • Financial institutions: In this field, the emphasis is placed on managing financial institutions and the tasks of the financial employees in them, such as banks, insurance companies, and credit unions. The student interested in the field of companies needs to study optional courses related to this field, such as managing financial institutions, financial modeling, international finance, and others. That is, while the field of financial planning for enterprises needs other optional courses, such as personal financial planning, employee planning, individual income tax, and other related decisions.
  • Risk management: It is the measurement and evaluation of potential risks in the facility’s finances and the development of strategies necessary to manage them by reducing those losses. The field of risk management is linked to insurance functions, whether it is life insurance, property insurance, injury insurance, and other insurance functions. Students are covered by all related fields of insurance as well as risk management and financial planning requirements.
  • Financial planning: This field includes the ability to develop a financial plan for establishments that includes investments, taxes, real estate planning, retirement, and insurance.

financial management

Graduate jobs specializing in financial management

A financial management graduate can work in many jobs in various establishments, such as financial manager, analyst, or personal financial advisor and others, as he supervises the financial activities in the facility and performs financial planning for it to improve its current position and for a more successful future for it. The jobs of management graduates are classified from the jobs that are currently required, so that the demand for them is expected to increase by 23% in the next decade, and among the jobs that a graduate of financial management may fill:

  • Financial planner: The financial planner provides advice and advice in the way to deal with and manage financial affairs, and develop investment plans, and contribute to the success of the enterprise through the operation of its funds, by applying the language of numbers and accounting principles.
  • Financial Analyst: One of the tasks of this job is to create financial models and carry out financial analyzes, in addition to making detailed reports on the financial results that have been reached, and this depends on the analyst’s study of stocks, bonds, and matters of the financial institution, as he assists in mergers and acquisitions and offers of bonds and stocks.
  • Budget Analyst: In this position, the principles of financing are applied to enterprises in the private, governmental and non-profit business sectors as well, and the task of the analyst is to assess the financial impact of the establishments, and the analyst collects information from the facility management so he must have class communication skills, as well as analytical skills to reach a financial analysis Enterprise-specific.
  • Accountant: The Financial Management major offers graduates who have accuracy, criticism, and interpretation about financial data, and analyze those data using financial charts, drawings, and tables so that the graduate will be able to do the accounting work even the complex ones.
  • Credit analyst: The tasks of this job are based on assessing the financial viability of the facility, assessing the financial situation about loans, assessing risks resulting from financing establishments, in addition to interpreting financial records. The credit analyst must have good communication skills to extract information from clients and communicate it to coworkers.
  • Teacher: A financial management graduate who has communication skills and a wide knowledge of financial specializations can carry out the teaching job in the same specialty in colleges and educational institutes.

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