INTRODUCTION

Financial Management is a vital activity which 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.

Like you, we are also wondering what is exactly meant by the term financial

management? It is the process you use to put your numbers to work and it make your

business more successful. With a good financial management system, you will not only

know HOW you business is financially doing, but, it also answers the WHY questions.

Financial management is important because through this, it will enable us to accomplish

important picture, daily financial objective, and access a great decision-making tool for

key financial considerations. Commented [j1]:

Ultimate objective of financial management is enhancing the shareholder

value. The process ensures adequate financial planning, acquisition of funds,

proper fund allocation, financial decisions, increasing margins and ultimately

improving value of the firm. Financial management is an essential part of

economic and non-economic activities that decide the efficient utilization and

procurement of funds .