Scope of Financial Management
TOPIC
SCOPE OF FINANCIAL MANAGEMENT
PRESENTED BY
SULOCHANABA S. CHUDASAMA (M.Com., B.Ed., Ph.D.)
LECTURER
OMVVIM COLLEGE MORBI – 363641
ADDRESS FOR COMMUNICATIONS
c/o Vaghela Jitubha Kanubha
Ram Krishna nagar, Shivam park
Limbdi. Dis – Surendra nagar
Email : Vaghelashivangi@gmail.com
(M.NO: 9274030489, 97235 61444)
Declaration
I Chudasama Sulochanaba Sahdevsinh, here by declare that this paper is my research paper and about that its my responsibility not auditor and the academic article journal
Chudasama. sulochanaba .s
Introduction
Financial Management can be defined as:The management of the finances of a business / organisation in order to achieve financial objectives.Taking a commercial business as the most common organisational structure, the key objectives of financial management would be tocreate wealth for the business ,generate cash, andprovide an adequate return on investment bearing in mind the risks that the business is taking and the resources invested.There are three key elements to the process of financial management:
Financial Planning
Financial Control
Financial Decision-making
Meaning and Defination
Meaning of Financial Management Financial Management is that specialised function of general management which is related to the procurement of finance and its effective utilisation for the achievement of common goal of the organisation.
It includes each and every aspect of financial activity in the business. Financial Management has been defined differently by different scholars. A few of the definitions are being reproduced below:-
“Financial Management is an area of financial decision making harmonizing individual motives and enterprise goals.”- Weston and Brigam.
“Financial Management is the application of the planning and control functions to the finance function.”- Howard and Upton.
“Financial Management is the operational activity of a
SCOPE OF FINANCIAL MANAGEMENT
PRESENTED BY
SULOCHANABA S. CHUDASAMA (M.Com., B.Ed., Ph.D.)
LECTURER
OMVVIM COLLEGE MORBI – 363641
ADDRESS FOR COMMUNICATIONS
c/o Vaghela Jitubha Kanubha
Ram Krishna nagar, Shivam park
Limbdi. Dis – Surendra nagar
Email : Vaghelashivangi@gmail.com
(M.NO: 9274030489, 97235 61444)
Declaration
I Chudasama Sulochanaba Sahdevsinh, here by declare that this paper is my research paper and about that its my responsibility not auditor and the academic article journal
Chudasama. sulochanaba .s
Introduction
Financial Management can be defined as:The management of the finances of a business / organisation in order to achieve financial objectives.Taking a commercial business as the most common organisational structure, the key objectives of financial management would be tocreate wealth for the business ,generate cash, andprovide an adequate return on investment bearing in mind the risks that the business is taking and the resources invested.There are three key elements to the process of financial management:
Financial Planning
Financial Control
Financial Decision-making
Meaning and Defination
Meaning of Financial Management Financial Management is that specialised function of general management which is related to the procurement of finance and its effective utilisation for the achievement of common goal of the organisation.
It includes each and every aspect of financial activity in the business. Financial Management has been defined differently by different scholars. A few of the definitions are being reproduced below:-
“Financial Management is an area of financial decision making harmonizing individual motives and enterprise goals.”- Weston and Brigam.
“Financial Management is the application of the planning and control functions to the finance function.”- Howard and Upton.
“Financial Management is the operational activity of a
Bibliography: 1. Financial management- Jim Relay 2. Financial Management-Dr.Pratapsinh Chauhan and Dr.ashvin Solanki 3. Financial Mnanagement-Dr.S.N.Maheshwari 4. Financial Mnanagement-S.C.Khuchhal 5. Financial Mnanagement-I.M.Panday 6. The Indian Financial Systeam-Vasant Desai Refrances 7. Financial management- Jim Relay 8.