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.