This document discusses financial management and its key functions. It outlines that financial management deals with planning and controlling a firm's financial resources and decisions. There are three main finance functions: investment decisions about what assets a firm invests in, financing decisions about raising funds, and dividend decisions about distributing profits to shareholders. The document focuses on investment decisions, explaining the differences between capital budgeting for long-term assets versus working capital management for short-term assets. It also briefly discusses financing and dividend decisions.