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
You have a opportunities in financial sector in areas like cash operations,budget management,business plans,brand management,product management.
Procurement and financial management are closely interconnected as procurement involves acquiring goods and services essential for an organization, while financial management focuses on planning, organizing, and controlling financial resources. Effective procurement strategies can lead to cost savings, improved cash flow, and better budgeting, ultimately enhancing financial performance. Additionally, financial management provides the necessary frameworks and controls to ensure procurement activities align with the organization's financial goals and constraints. Together, they contribute to overall operational efficiency and sustainability.
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differentiate between financial Accounting and management accounting
It offers services like trading and financial management.
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what is financial management function?
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There are many institutions which offers financial management courses. Some of which are the Franklin University that offers financial aid, and Wealth Management Institute that offer premiere financial management course.
The contributions of economics to financial management include its concentration of monetary activities which are essential to financial management. Economics is concerned with the interrelation of financial variables, such as prices, interest rates and shares which are also essential parts of financial management.
They do not have a financial management background
Answering "If you have no intention of becoming a financial managerwhy do you need to understand financial management?"
Settlement debt relieve will vary from financial management because financial management provides education on your finances, settlement helps solve financial problems.