abhishreshthaa
Abhijeet S
MEANING OF FINANCE
Finance is the application of skills care to the manipulation, use and control of money. Finance may be defined as the provision of money at the time when it is required. Finance refers to the management of flow of money through an organization.
MEANING OF FINANCIAL MANAGEMENT
Financial management is the act of deciding in advance the quantum of capital requirements and its forms. It covers the following 3 aspects:
1. What type of assets will be required for running the firm and how much capital should be provided for these aspects?
2. When and how much would this capital be required.
3. From what sources would be the capital necessary for acquiring fixed assets is procured.
Finance is the application of skills care to the manipulation, use and control of money. Finance may be defined as the provision of money at the time when it is required. Finance refers to the management of flow of money through an organization.
MEANING OF FINANCIAL MANAGEMENT
Financial management is the act of deciding in advance the quantum of capital requirements and its forms. It covers the following 3 aspects:
1. What type of assets will be required for running the firm and how much capital should be provided for these aspects?
2. When and how much would this capital be required.
3. From what sources would be the capital necessary for acquiring fixed assets is procured.