Transcription of LESSON: 1 FINANCIAL MANAGEMENT: MEANING, OBJECTIVE ...
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LESSON: 1 FINANCIAL MANAGEMENT: MEANING, OBJECTIVE ...
1 LESSON: 1 FINANCIAL management : MEANING, OBJECTIVE , FUNCTION AND SCOPE STRUCTURE Objectives Introduction Meaning and Nature of FINANCIAL management Relation of Finance Function with other Disciplines Scope of FINANCIAL management Function of Finance Objectives of FINANCIAL management Organisation of Finance Function Summary Keywords Self Assessment Questions Suggested Readings OBJECTIVES After reading this lesson, you should be able to: Understand the meaning and nature of FINANCIAL management . Describe the relation of finance function with other disciplines. Know the scope of FINANCIAL management . Identify the function of finance. Explain the objectives of FINANCIAL management . 2 INTRODUCTION Finance is regarded as the life blood of a business enterprise . This is because in the modern money-oriented economy, finance is one of the basic foundations of all kinds of economic activities.
enterprise (mainly to maximise the shareholder’s wealth). ... theories related to the management of utility preference, risk and determination of value are rooted ... to be noted that the purpose of accounting is collection and presentation of financial data. The financial manager uses these data for financial decision-making. But, from this ...
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