Introduction to Corporate Finance Financial Management, Principles of Business Finance, Primary Types of Financial Capital, Capital Budgeting |
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Author:
| Pal, Nishant |
ISBN: | 979-8-8407-1114-9 |
Publication Date: | Jul 2022 |
Publisher: | Independently Published
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Book Format: | Paperback |
List Price: | USD $6.50 |
Book Description:
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Every organization must have financial management. Financial management is the act of organizing, managing, controlling, and monitoring financial resources in order to meet organizational goals. It's a great way to control the financial activities of your organization, such as accounting, payments and risk assessment. Financial Management refers to applying general principles of management to an enterprise's financial assets. A well-managed organization's finances will...
More DescriptionEvery organization must have financial management. Financial management is the act of organizing, managing, controlling, and monitoring financial resources in order to meet organizational goals. It's a great way to control the financial activities of your organization, such as accounting, payments and risk assessment.
Financial Management refers to applying general principles of management to an enterprise's financial assets. A well-managed organization's finances will provide quality fuel and consistent service that ensures its efficient functioning. An organization that does not manage its finances well will experience severe consequences for its growth and development.
Financial management allows a company to plan, direct and organize its financial resources and events. This involves the application of basic management principles in financial activities, such as sales, purchases, capital expansion, inventory valuations, financial reporting, profit distribution, and financial reporting. The success of a business organization's growth is dependent on its financial efficiency and the development of strategies and operations. Financial management's primary objectives are to create value from limited financial resources by focusing on both short-term as long-term goals.