The application of general management concepts to the different financial resources that are projecting is referred to as financial management. This involves the planning, organizing, directing, and regulating of financial activity. The process of financial planning is described as follows defining financial objectives, rules, processes, plans, and budgets. This assures effective and appropriate financial and investment policies, adequate money, a suitable balance between outflows and inflows of funds, and suppliers of funds, preparation of programs of development and expansion that help in the company’s long-term survival, as well as the elimination of uncertainty related to shifting market trends that the company may face, ensuring stability and profitability.