State the traditional approach of financial management, Financial Management

Traditional Approach of financial management

Traditional approach to the scope of financial management refers to its subject matter, in academic literature in initial stages of its evolution, as a distinct branch of academic study. The term corporation finance was used to define what is now known in the academic world as financial management. As name suggests, concern of corporation finance was with financing of corporate enterprises. Or we can say, the scope of the finance function was treated by traditional approach in the narrow sense of procurement of funds by corporate enterprise to meet their financing needs.

 

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