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  • Financial Management

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    Syed Shavez Ahmad
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    Financial management determines the short- and long-term objectives of a business, including profit maximization, and oversees the financial activities and resources of an enterprise including investment, financing, and dividend decisions to fund and operate the business profitably.

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    Financial management determines the short- and long-term objectives of a business, including profit maximization, and oversees the financial activities and resources of an enterprise including investment, financing, and dividend decisions to fund and operate the business profitably.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    Financial Management

    Uploaded by

    Syed Shavez Ahmad
    Financial management determines the short- and long-term objectives of a business, including profit maximization, and oversees the financial activities and resources of an enterprise including investment, financing, and dividend decisions to fund and operate the business profitably.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    FINANCIAL MANAGEMENT

    Financial Management is one of the important function of management in dealing with the resource and monetary aspect of business for funding and operating a business with adequate return.

    Determining the Objective of Business: Financial management determines the objective of business for profit maximization or wealth maximization. Finance management decides on short term and long term objective of business operation.

    Meaning of 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. Scope/Elements: 1.Investment decisions includes investment in fixed assets (called as capital budgeting). Investment in current assets are also a part of investment decisions called as working capital decisions. 2.Financial decisions - They relate to the raising of finance from various resources which will depend upon decision on type of source, period of financing, cost of financing and the returns thereby. 3.Dividend decision - The finance manager has to take decision with regards to the net profit distribution.

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