Financial management is a process of planning, organizing, regulating, and monitoring financial resources to meet the goals and objectives. It is ideal for controlling an organization's economic activities, such as fund procurement, fund utilization, accounting, payments, risk assessment, and anything else involving money. In other words, financial management is the application of general management principles to an organization's financial assets. Quality fuel and regular service are provided through proper financial management for an organization's operations to run smoothly. If an organization's finances aren't handled properly, it will confront roadblocks that could stifle its growth and development.