Meaning And Definition Of Financial Management
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Supervision and handling of the financial affairs of an organization meaning pronunciation translations and examples.
Meaning and definition of financial management. Financial management is d. Financial management includes adoption of general management principles for financial implementation. Meaning and definition of financial management.
To know more about financial management definition visit wikipedia. 1 people chose this as the best definition of financial management. Financial management is the process of planning funds organizing available funds and controlling financial activities to achieve the goal of an organization.
Let s define financial management as the first part of the introduction to financial management. Sound plans efficient production system and excellent marketing network are. Financial management deals with identifying and maintaining an appropriate level of assets and establishing and executing a suitable plan for financing the firm s assets.
It means applying general management principles to financial resources of the enterprise. For any business it is important that the finance it procures is invested in a manner that the returns from the investment are higher than the cost of finance. Finance is the life blood of business and there must be a continuous flow of funds in and out of a business enterprise.
The following may be said as the related aspects of financial management raising of funds using of these funds profitably planning of future activities controlling of present implementations and future developments with the help of financial accounting cost accounting budgeting and. Financial management means planning organizing directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. See the dictionary meaning pronunciation and sentence examples.
The term financial management consists of two words financial and management. Money makes the wheels of business run smoothly. Introduction to financial management.
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