Financial Management is a crucial aspect of any organization. It is primarily concerned with acquiring and effectively utilizing financial resources for the activities of the firm. The goal of financial management is to maximize shareholder value while minimizing risk. Here are some key aspects that fall under the purview of financial management:

Acquisition of Funds:
Financial management involves identifying sources of finance, such as equity, debt, and retained earnings, and selecting the most appropriate mix of financing methods for the organization.

Allocation of Funds:
Once funds are acquired, the financial manager must allocate them to various projects and activities of the firm. Financial management involves determining the most effective use of funds to achieve the organization's goals and objectives.

Capital Budgeting:
Capital budgeting is the process of identifying and evaluating potential long-term investment opportunities that can generate returns for the organization. Financial management involves analyzing the feasibility of these investment opportunities and selecting the ones that offer the best returns.

Risk Management:
Financial management involves identifying and managing various types of financial risks, such as credit risk, interest rate risk, and currency risk. The financial manager must develop strategies to mitigate these risks and ensure the financial stability of the organization.

Financial Control:
Financial management involves monitoring the financial performance of the organization and taking corrective action when necessary. This involves setting financial targets, measuring actual performance against these targets, and making adjustments as needed.

In conclusion, financial management is concerned with all aspects of acquiring and effectively utilizing financial resources for the activities of the firm. It is a critical function that ensures the financial health and success of the organization.