Transcription of INTRODUCTION TO FINANCIAL MANAGEMENT - Jiwaji …
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INTRODUCTION TO FINANCIAL MANAGEMENT - Jiwaji …
INTRODUCTION TO FINANCIAL MANAGEMENTUNIT-1 MEANING OF FINANCIAL MANAGEMENT Financemaybedefinedastheartandscienceofm anagingmoney. Itincludesfinancialserviceandfinancialin struments. OF FINANCIAL MANAGEMENT Thetermfinancialmanagementhasbeendefined bySolomon, Itisconcernedwiththeefficientuseofanimpo rtanteconomicresourcenamely,capitalfunds . FinancialManagementdealswithprocuremento ffundsandtheireffectiveutilizationintheb usiness . Weston and Brigham : FINANCIAL MANAGEMENT is an area of FINANCIAL decision-making, harmonizing individual motives and enterprise goals . FINANCIAL MANAGEMENT IS CONCERNED WITH Financing Decisions Investment Decisions Dividend decisionsSCOPE OF FINANCIAL MANAGEMENT ,microandmacroenvironmentalfactorsareclo selyassociatedwiththefunctionsoffinancia lmanager. ,wecaneasilyunderstandtherelationshipbet weenthefinancialmanagementandaccounting. 3. FINANCIAL Planning the Capital Structure 5. Selection of source of Finance 6.
techniques to understand the business efficiency of the concern. ... marketing, production, personnel, system, research, development, etc. ... business concern will achieve the maximum profit and higher profitability leads to maximize the …
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