Financial management - a system of principles and methods for developing management decisions that are associated with the formation, distribution of financial resources of the Company. The main purpose of financial management is aimed at maximizing the profit of the owners of the Company.

The content of financial management consists of:

• creating an organizational structure that will ensure the adoption and implementation of managerial decisions in the field of financial management
• the formation of effective information systems that will provide alternatives for making managerial decisions
• analysis of the financial activity of the Company through financial diagnostics
• planning of financial activity of the Company in the main directions
• developing a system for stimulating the implementation of management decisions taken
• control over the implementation of the management decisions taken

The content of financial management, as a sphere of management, is to manage:

• assets (asset management)
• capital (capital management)
• investments (investment management)
• cash flows (cash flow management)
• financial risks (Financial risk management)

Hence, financial diagnosis is the main function of financial management and involves a comprehensive study of the quantitative characteristics of financial processes, using information systems that provide alternatives to management decisions.