Introduction to financial management, Financial Management

Assignment Help:

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".


Related Discussions:- Introduction to financial management

Current scenario of hedge fund industry, Global Scenario The Hedge Fund...

Global Scenario The Hedge Fund industry has captured over US $ 2 trillion in assets globally by the end of year 2006. According to an investor survey revealed for the Hedge Fun

Approaches to financial management, mention the advantages and disadvantage...

mention the advantages and disadvantages of the traditional approach

Functional areas of financial management, FUNCTIONAL AREAS OF FINANCIAL MAN...

FUNCTIONAL AREAS OF FINANCIAL MANAGEMENT The scope of financial management is all pervasive and covers approximately all the functional areas of an organization. A number of t

Analysis of operations, You must analyze the operating performance of your ...

You must analyze the operating performance of your company. You will use ratio analysis and primarily using Liquidity, Profitability and Working Capital ratios. You will use a g

Mrs. Edwards, If invested 2500 in a bank that pays 1% annually. How long wi...

If invested 2500 in a bank that pays 1% annually. How long will it take for the funds to double?

Define mergers affect communities, How do mergers affect communities? A: ...

How do mergers affect communities? A: While a locally controlled bank is merged into a bank headquartered somewhere else (an out-of-market merger), a few apprehension about the i

Asset Securitization Structures (Excel help), #questAs an assistant vice pr...

#questAs an assistant vice president at a regional bank, your boss has tasked you to acquire $100 million of residential mortgages to be securitized in a pass-through MBS. There mu

Financial ratio , Ratio Calculation:   A 'Financial Ratio' is an ind...

Ratio Calculation:   A 'Financial Ratio' is an index that relates two accounting numbers and is obtained by dividing one number by the other. Various Ratios are - 1. L

Global bond sectors and instruments, Treasuries are the securities that the...

Treasuries are the securities that theUS government issues for the completion of government projects. They are of different types like, treasury bills, treasury bon

Define capital rationing, What is capital rationing?  Should a firm practic...

What is capital rationing?  Should a firm practice capital rationing?  Why? The term Capital rationing is the practice of setting dollar limits on what will be invested in new ca

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd