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Definition: Finance is within business administration the management of money, investments, and financial resources within an organization. It involves planning, analyzing, and controlling financial activities such as budgeting, forecasting, and managing cash flow. Finance also includes investment decisions, risk management, capital structuring, and financial reporting. The goal is to optimize the organization’s financial health, ensure profitability, and support growth while balancing risk and return. Effective financial management is essential for long-term business success and sustainability. |
More on financial management: Absorption Costing, Accounts Receivable Factoring, Credit Management, Credit Rating, Customer Profitability Analysis, more on financial management... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
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