Financial management, Financial Management

DEFINITION OF FINANCIAL MANAGEMENT

The term financial management has been described by management experts in several ways reflecting the duties and responsibilities of a finance manager over the years. Some of the popular definitions are as follows -

  • Bonneville and Dewey - 'Financing consists of the raising, providing, man aging of all the money, capital or funds of any type to be used in connection with the businesses
  • Phillippatus - 'Financial Management is concerned with the managerial decisions that result in the acquisition and financing of long-term and short term credits for the firm'
  • R.C.Osborn - 'Finance Function is the process of acquiring and utilizing funds of a business'
Posted Date: 10/15/2012 8:36:44 AM | Location : United States







Related Discussions:- Financial management, Assignment Help, Ask Question on Financial management, Get Answer, Expert's Help, Financial management Discussions

Write discussion on Financial management
Your posts are moderated
Related Questions
The burden of a tax is shared by producers and consumers.  Under what conditions will consumers pay most of the tax?  Under what conditions will producers pay most of it?  What det

State the term - Redemption Redemption is repayment of debt security at or before maturity.  Redemption could at par or at a premium to face value. A debt security will be rede

The Donut Shop, Inc. is planning to add a 2nd Donut Shop by opening a new store across from Webster University. A survey of the area has already been completed at a cost of $150,00

Banks like to make short-term, self-liquidating loans to businesses.  Why? Banks like can see where the funds are likely to come from such that the borrower is able to use to m

Crown Co. is expecting to receive 100,000 British pounds in one year. Crown expects the spot rate of British pound to be $1.49 in a year, so it decides to avoid exchange rate risk

I am trying to solve this formula: 2/10, net 30. In the book I am reading they have 2% x 360 ------- ------ = 2.04% x 18=36.72% 100-2% (30-10) I want to know how the

Remaining differences with US GAAP IFRS 8 comprise intangible assets as part of the non-current assets. SFAS 131 only refers to tangible assets. IFRS 8 requires method

The US Pension Fund System The US corporate pension system has matured along with the country's demographic cycle. It consists of both defined benefit plans and defined contrib

Q. Explain Traditional Method of Measurement? Computation of yield to measure a financial asset's return is the simplest and oldest technique of measurement. Yield can be find

Sinking fund provisions is a pool of funds set aside to repay the debt. Under this, certain amount of money is kept aside every year form profit. It is then used