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
Securitization has attracted a widespread application of the technique to residential mortgage loan, the easiest class of a financial asset to securitize, and to

Define the P/E valuation method. Under what circumstances should a stock be valued using this method? The P/E ratio specifies how much investors are willing to pay for each dol

Define operating cycle and long and short operating cycle? Use of operating cycle? Can someone give me assistance on these questions??

A mortgage may be defined as a pledge of property to secure payment of a debt. Depending upon the terms of mortgage agreed upon between the lender and the borrower, mor

Interpretations of Profitability Ratio's - ROA:       ROA or the Return on Assets ratio is the ratio of net profit to total assets and this ratio indicates whether total assets

limitations of historical cost

how would you judge the potential profit of bajaj electronics on the first year of sales to booth plastics and give your suggestion regarding credit limit.Should it be approved or

Portfolio Project The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice. You are gi

In US, savings and loan associations constitute the major originating group of the traditional loans. What types of properties can be mortgaged?

Option-Adjusted Spread (OAS) The prime objective of an investor is to buy securities which have values greater than their market prices. The discussion made on the above valuat