Q&A: What are the Four activities in the Basic Financial management?

Question by Wendz: What are the Four activities in the Basic Financial management?
It is the general Financial management used in business.


Answer
Answer by SandyThe four basic activities, or functions, are :

Planning

Planning is the ongoing process of developing the business' mission and objectives and determining how they will be accomplished. Planning includes both the broadest view of the organization (its mission), and the narrowest (a specific tactic for achieving a specific objective).

In many ways, planning is the hardest function

Corporate Finance