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Financial management is that managerial activity which is concerned of the firm's financial resources.Planning,directing,monitoring,organising and controlling of the monetary resources of an organisation.
It requires 3 important functions!!
1. Financing or where do u get money from
2. Investing or where do you allocate your funds
3. dividend or how much to distribute and how much to retain...
hp this answer will help u....
Heera! "rjvishal"
Asian Business School,Noida
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoA financial manager is a person in charge of a business' financial side (funding, financial planning, accounting). Some of their responsibilities include managing money to make sure that businesses are fufilling their financial obligations, seeking sources for more money, and financial goal-setting.
Harveylouis
Financial Management looks after the finance of any firm or organisation or institute
Objectives of financial management are -
1. Maintaining sufficient supply of funds
2. To get good return on investment
3. Efficient utilisation of money
4. Have a safe investment opportunity
It is very important for an organisation to have a financial management so that the firm will know where are the expenditures are done for an organisation.
Wiki User
∙ 12y agoFINANCIAL MANAGEMENT IS AN MAMAGEMENT WHICH IS RELATED TO DEAL ALL THE FINANCIAL ACTIVITES
Wiki User
∙ 9y agoThe purpose of financial management is to ensure that money is managed in the right manner. This includes having a budget and planning for how the funds received will be utilized.
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Answering "If you have no intention of becoming a financial managerwhy do you need to understand financial management?"
