Financial is an adjective that pertains to matters or concepts related to finance or the management of money, resources, investments, capital, or assets. The term encompasses a broad range of activities, principles, strategies, and systems involved in the acquisition, utilization, and disposition of financial resources.
In a business context, financial refers to the revenue, expenses, profit, and other financial statements or data that are relevant to assessing the financial health, performance, or viability of an organization. It encompasses areas such as financial planning, budgeting, accounting, taxation, auditing, and financial analysis.
On an individual level, financial refers to personal finance, which involves the management of one's financial resources and assets, including income, expenses, savings, investments, debts, and financial goals. It encompasses personal financial planning, budgeting, investment strategies, retirement planning, and risk management.
Financial also encompasses the broader field of finance, which focuses on the study and management of money and investments at various levels and within various sectors of the economy. This includes areas such as corporate finance, public finance, international finance, behavioral finance, and financial markets.
Overall, financial relates to anything that involves money, wealth, or financial resources, and encompasses the strategies, principles, practices, and systems employed to manage and make informed decisions regarding these resources.
