Introduction to financial management, Financial Management

Introduction to financial management:

  • Meaning and defecation of the financial management
  • Finance function
  • Scope and content of financial function
  • Functions and financial decision

 

Meaning and defecation of the financial business: financial may be defined as a provision of the money at the time when it is required. Finance refers to the flow of the funds of money through the organization. It concerns with the application of the skills in the manipulation, use and control of the money different authority have interpreted the term finance differently. However, there are three main approaches to the finance. According to Soloman, "Financial management is concerned with the efficient use of an important economic resource, namely, Capital Funds."

According to J.F. Bradley, "Financial management is the area of business management devoted to the judicious use of capital & careful selection of sources of capital in order to enable a spending unit to move in the direction of reaching its goals."

According to Howard & Upton, "Financial management is the application of the planning & control functions of the finance functions."

According to Weston & Bingham, "Financial management is an area of financial decision making harmonizing individual motives & enterprise goals". "Financial management is concerned with the effective use of an important economic resource, namely capital funds".

Posted Date: 2/8/2013 4:39:48 AM | Location : United States







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

Write discussion on Introduction to financial management
Your posts are moderated
Related Questions
Approaches of the Strategic human resource management (SHRM): 1. Attempts to the human linkage of some kind activities with competency based performance measures. 2. Attemp



Investment intermediaries An investment intermediary includes finance companies, mutual funds, investment banks and securities firms.

Why is capital budgeting analysis so important to the firm? The major goal of the financial manager is to maximize shareholder wealth. Capital investments along with positive N

Insurance companies The primary purpose of insurance companies is to protect individuals and firms known as policy-holders from adverse events. Insurance companies receive prem

QUESTION i) Discuss the Modigliani-Miller irrelevancy theorem for corporate capital structure. What assumptions underline the theorem? ii) What are the implications when the

Assume Intel's stock has an expected return of 26% and a volatility of 50%, while Coca-Cola's has an expected return of 6% and volatility of 25%. If these two stocks were perfectly

Income that is received in a fund or by company by providing a service or selling a product, but still has to be received. Mutual funds or other pooled assets that build up income

a) Describe five factors that should be taken into account by a businessman in making the choice between financing by short-term and long-term sources.