What is a Financial Management Example?

In the "functions" section above, we discussed various examples of financial management. Let's
have a look at how they all operate together now:
Assume the CEO of a toothpaste firm want to launch a new product: toothbrushes. She'll ask
her staff to estimate the cost of making the toothbrushes, and the finance manager to decide
where the funding should come from, such as a bank loan.
The finance manager will get those money and guarantee that they are used to produce
toothbrushes in the most cost-effective manner feasible. Assuming the toothbrushes sell well,
the finance manager will collect data to assist the management team in deciding whether to
invest the proceeds in making more toothbrushes, launching a line of mouthwashes, paying a
dividend to shareholders, or taking some other action.
Throughout the process, the finance manager will make certain that the firm has enough cash
on hand to pay the new employees who will be making the toothbrushes. She will also examine
if the firm is spending and making as much money as she predicted while budgeting for the
project.