Financial management is the implementation of regulation, planning, control and guidance on all financial activities of the company, and defines financial management as an activity based on financial planning used in business, for the purpose of management and control. Other definitions of financial management are management based on the application of administrative principles, and keen to collect and use money in a profitable way, as planned for future activities, and control all applications based on cost accounting, financial accounting.

Financial Manager: is responsible for all the financial affairs and business of a facility and the financial manager is defined as a person who follows the financial operations of the company and is interested in preparing financial reports, following up on investment activities, and developing plans. and strategies that contribute to the company's long-term financial goals.


The financial manager has contributed to the development of financial management in various institutions both in the public and private sectors, and many individuals seek to work in the field of financial management, but until the person becomes a financial manager has to apply a set of procedures:

  • Obtaining a degree: Bachelor's and master's degrees or one in the following areas: Finance (Finance), business Administration, accounting, or other disciplines based on business or administrative study, often covering the specialization of finance in the study All knowledge related to financial planning, portfolio valuation, stock study, and other disciplines such as accounting and business management teach similar topics, such as the principles of economics, and employers prefer financial managers who have obtained Advanced education, where postgraduate certification contributes to increased employment opportunities, improved career development, and examples of postgraduate degrees in finance, economics or business administration.
  • Obtaining work experience: it is necessary and important for the financial manager to start his or her normal career by working in financial management related functions, such as financial analysis and accounting, and usually by companies looking for financial managers with appropriate expertise; Business management and financial finance.
  • Acquisition of professional certificates: The financial manager receives certificates representing his/her level of competency, the most important of which is the certificate of the financial analyst, known as the term "Chartered financial Analyst"; it is expressed in abbreviation (CFA).
  • Excellence with the right skills: a set of core skills that must be distinguished by the financial manager, the most important of which are critical and analytical thinking, the application of verbal and written communication, the acquisition of advanced skills in mathematics, and the ability to solve problems in the working environment.


  • Ensure that financial information is provided and interpreted. 
  • Monitor all cash flows, contribute by anticipating future trends, analyze changes and provide advice. Preparation of long-term strategic process plans. 
  • Report on influences affecting the nature of work performance. 
  • Interest in studying market trends and analyzing competitive enterprises. 
  • Ensure the development and improvement of the mechanisms applied in financial management, which contributes to reducing risks. 
  • Pursue appropriate opportunities to reduce financial costs. 
  • Interest in the management of financial accounting systems. 
  • Communicating with all auditors in order to monitor the company's annual financial situation.