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.
Financial management is very important in the field of increasing the ... the board of directors of the company may establish a finance committee, consisting of a number of directors and officers of the firm with substantial financial expertise, to make recommendations on broad
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