What Are the Three Different Types of Financial Management?

The functions listed above may be classified into three categories of financial management:
Capital budgeting is the process of determining what needs to happen financially in order for a
corporation to meet its short- and long-term objectives. Where should capital be spent to
encourage growth?
Capital structure is the process of establishing how to pay for operations and/or expansion.
Taking on debt may be the best option if interest rates are low. A corporation may also seek
finance from a private equity firm, explore selling assets such as real estate, or sell equity, if
applicable.
Working capital management, as previously noted, is the process of ensuring that there is
adequate cash on hand for day-to-day activities such as paying employees and acquiring raw
materials for production.