Chapter 1

Financial management an Overview

What is finance?
Finance is the art and science of managing money.
Financial management is concerned with tuhe duties of
financial managers in the business firm.
Financial services is concerned with the design and delivery of
advice and financial products to individuals, business and
government.
Finance and related deciplines
Finance and Economics
The relevance of economics to financial management can
be described in the light of the two broad areas of
economics.
 Macroeconomics
 Microeconomics