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







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