Financial management refers to the strategic planning, organising, directing, and controlling of financial undertakings in an organisation or an institute.Take a look at the objectives involved:

Maintaining enough supply of funds for the organisation;
Ensuring shareholders of the organisation to get good returns on their investment;
Optimum and efficient utilization of funds;
Creating real and safe investment opportunities to invest in.
Financial management is also made up of certain elements.A financial plan includes certain key objectives, which are:
Determining the amount of capital required;
Determining the capital organisation and structure;
Framing of the organisation's financial policies and regulations.It also includes applying management principles to the financial assets of an organisation, while also playing an important part in fiscal management.