This report provides an overview of financial management, defining it as the process of planning, controlling, and directing financial activities to ensure the procurement and proper utilization of funds. It delves into the core functions of financial management within an organization, including evaluating capital requirements, selecting appropriate funding sources, and managing cash flow. The report highlights the importance of financial management in financial planning, investment opportunities, decision-making, and maintaining stability and growth. It describes the role of financial managers in delivering and analyzing financial details, monitoring cash flows, and forecasting future trends. Finally, it outlines various short-term and long-term sources of finance available to organizations, such as trade credit, commercial bank loans, commercial paper, equity capital, debentures, preference capital, and retained earnings. The report concludes that effective financial management involves planning, organizing, staffing, directing, and controlling organizational activities to achieve optimal results.