Finances represent the foundation of the enterprise system – a good financial management having a vital importance for the economic health of companies. Due to this importance, financial management has to be understood extensively and comprehensively, but this is easier said than dine. The field is relatively complex and undergoes constant changes in response to the fluctuations in the economic conditions. The changes undergone have repercussions on the functions of financial management, on the management systems, methods, techniques, and, not last on the attributions of the financial manager who has to prove a high degree of adaptability and flexibility.