Introduction of Finance
Finance is regarded as the life blood of a business enterprises. This is because in a modern money oriented economy finance is one of the basic foundation of all kinds of economic activities.
However, it is also true that money begets more money only when it is properly managed, hence efficient management of every business enterprises is closely linked with efficient management of its finance.
Introduction of Financial Management
Financial Management is concerned with the planning and controlling of the financial resources of the firm. The management makes use of various financial techniques, devices etc., for administering the financial affairs of the firms in the most effective and efficient way. Thus financial management is mainly concerned with proper management of fund.
According to plutippatos “Financial Management is concerned with the managerial decision that result in the organisation and financing the long term, short term Credit for the firm. As such deals with the situation the requires the selection of the specific assets, the selection of specific liability as well as the problem of size and growth of an enterprises. The analysis is based on the expected inflow and outflows of funds and their effects upon managerial objectives”.
Finance is regarded as the life blood of a business enterprises. This is because in a modern money oriented economy finance is one of the basic foundation of all kinds of economic activities.
However, it is also true that money begets more money only when it is properly managed, hence efficient management of every business enterprises is closely linked with efficient management of its finance.
Introduction of Financial Management
Financial Management is concerned with the planning and controlling of the financial resources of the firm. The management makes use of various financial techniques, devices etc., for administering the financial affairs of the firms in the most effective and efficient way. Thus financial management is mainly concerned with proper management of fund.
According to plutippatos “Financial Management is concerned with the managerial decision that result in the organisation and financing the long term, short term Credit for the firm. As such deals with the situation the requires the selection of the specific assets, the selection of specific liability as well as the problem of size and growth of an enterprises. The analysis is based on the expected inflow and outflows of funds and their effects upon managerial objectives”.