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NATURE OF FINANCIAL MANAGEMENT

NATURE OF FINANCIAL MANAGEMENT

Discuss NATURE OF FINANCIAL MANAGEMENT within the Financial Management ( FM ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; NATURE OF FINANCIAL MANAGEMENT Define and explain financial management Financial management is broadly concerned with the mobilization and development of ...

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NATURE OF FINANCIAL MANAGEMENT
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Sunanda K. Chavan
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NATURE OF FINANCIAL MANAGEMENT - September 13th, 2010

NATURE OF FINANCIAL MANAGEMENT


Define and explain financial management


Financial management is broadly concerned with the mobilization and development of funds by a business organization .for efficient operation of business. It is necessary to obtain and utilize the funds effectively. This job is done by financial management.

Basically therefore financial management centers around funds raising for business in the most economical way and investing these funds in optimum way so that maximum returns can be obtained for the shares holders. Practically all business decisions have financial implication. Hence, financial management is interlinked with all others functions of business.
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