Financial management is the strategic and tactical process of efficiently planning, acquiring, allocating, and controlling an organization's financial resources. It involves optimizing capital structure, managing cash flow, making investment decisions, and assessing financial risks. By analyzing financial data, employing budgeting techniques, and utilizing financial instruments, financial management aims to maximize shareholder value, ensure fiscal stability, and support sustainable growth. Effective financial management enables businesses to navigate economic challenges, seize opportunities, and achieve long-term financial objectives.