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
Describe the value maximisation criterion In applying the value maximisation criterion, term value is used in terms of worth to the owners, which is, ordinary shareholders. Cap

Sunk Cost This is a cost which has already been incurred and cannot be affected through present or future decisions.

Angel Athletics is trying to determine its optimal capital structure. The company's capital structure consists of debt and common stock. In order to estimate the cost of debt, the

K is a kitchen and bathroom design and installation company which currently has showrooms in one region only of Country T. The company has enjoyed considerable success since it was

Stable Money Measurement A business entity enters within numerous transactions in which affect the business in varied ways.  Therefore recording, classification and summarizat

Explain the four fundamental rights of ownership A shareholder, by virtue of being an owner, is generally entitled to four fundamental rights of ownership: 1. Claim on a sha

Secondary Market The secondary market is also referred to as the stock market where dealings in shares are taken up. It helps the shareholders to find buyers for trading. Thus,

Q. What do you mean by Variable working capital? Permanent or fixed: Permanent or fixed working capital is the minimum amount which is required to ensure effective utilization

Management of Sundry Debtors: SUNDRY - Miscellaneous infrequent or small customers that are not given individual ledger accounts but are classified as a group. SUNDRY CREDI

What is the nature of a concessionary loan and how is it handled in the APV model? A concessionary loan is a loan that is provided by a governmental body at below the normal ma