Financial Management
Financial Management means planning, organizing,
directing and controlling the financial activities such as procurement and
utilization of funds of the enterprise. It means applying general management
principles to financial resources of the enterprise. Finance is an important function in any business as money is
required to support its various activities.
The scope of financial management is very wide and it should not be
considered to be merely restricted for raising of capital. It also covers other aspects of financing
such as assessing the needs of the capital, raising sufficient amount of funds,
cost of financing, budgeting, maintaining liquidity, lending and borrowing
policies, dividend policy and so on.
The interphase between finance and other functions closed related to the functions of finance management. Financial as well as non financial objectives are also plays a vital role here. Profit and wealth maximisation, liquidity management, investment decision, estimation of capital requirements, capital structure, determination of source of finance, financial control and ..... (to get the personalised new version of complete answer pls send your request to spknowledgehub@gmail.com or use the send request button)
