Financial management is a crucial aspect of running a business effectively. It involves the planning, organizing, controlling, and monitoring of financial resources to achieve the organization's goals and objectives. In order to carry out these tasks efficiently, financial management needs to be integrated with various functional departments within the organization.

The scope of financial management that covers various functional departments like personnel, marketing, and production can be categorized as financial management and accounting. This encompasses the following key areas:

1. Financial Planning and Forecasting:
- Financial planning involves the estimation and allocation of financial resources to meet the organization's objectives. It involves forecasting future financial needs, analyzing the current financial position, and developing strategies to achieve financial goals.
- This planning process requires input and collaboration from various functional departments such as personnel, marketing, and production. Each department provides their respective inputs related to budgetary requirements, sales projections, production costs, and manpower needs, which are incorporated into the overall financial plan.

2. Financial Decision Making:
- Financial decision making involves making choices regarding investments, financing, and dividend policies. These decisions are made by considering both short-term and long-term implications on the organization's financial health.
- Functional departments like marketing, personnel, and production play a significant role in providing relevant data and insights that influence financial decision making. For example, marketing provides information on market trends, customer preferences, and sales forecasts, which are crucial in determining investment decisions.

3. Financial Management and Accounting:
- Financial management and accounting are closely intertwined and form the backbone of effective financial management.
- Accounting provides the necessary information and tools to record, analyze, and interpret financial transactions and statements. It ensures accurate financial reporting, compliance with regulations, and helps in monitoring the financial performance of the organization.
- Financial management, on the other hand, involves the strategic planning, analysis, and control of financial resources to maximize the organization's value. It encompasses budgeting, cost control, financial analysis, and performance evaluation.

In conclusion, the scope of financial management that covers various functional departments like personnel, marketing, and production is financial management and accounting. This includes financial planning and forecasting, financial decision making, and the integration of financial management with accounting practices. By integrating financial management with other functional departments, organizations can ensure effective utilization of financial resources, align financial goals with overall organizational objectives, and make informed financial decisions.