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What is the difference between business finance and financial management?
Wiki User
∙ 14y ago
Finance is the management of money and financial management shows the management of financial activities properly to achieve firm's goal ( wealth maximization). Actually financial management shows the techniques and strategies to determine the need of the fund, to identify the possible and plausible sources of fund, to collect the necessary fund from the identified sources and to invest the collected fund in different profitable sectors by maintaining the principles of finance to achieve the goal of the business firm.
Afroza Parvin
Sr. Lecturer, NUB
Wiki User
∙ 14y ago
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