The major financial function is mobilization of required funds and their effective utilization in the business. Finance function covers financial planning, forecasting of cash receipts and disbursements, releasing […]

The importance of financial management and its relationship with other functional areas of management may be summarized as –

Finance and production: Business finance has significantly facilitated production, […]

The objective of financial management is to plan, program and execute the total financial activities including the financial operations carried on by a company from the time of its very inception, of its growth […]

The social and economic significance of financial management is accentuated by three factors. The first one is organization of business on the corporate basis and assumption of increasing public responsibilities […]

Financial management studies the financial operations carried on by a business organization from the time of its very inception to its maturity, growth, stability, and expansion. It analyzes the financial […]

Finance is one of the major administrative functions in business along with production, marketing, personnel and materials management. It has great economic and social significance. Business finance directly […]