Untitled Deck Flashcards
(14 cards)
The art and science of managing ‘Money’
Finance
The life blood of Business (funds)
Finance
What do Financial Services offers?
Advisory Services
Designing Financial Products
Investments, real state and insurance
Personal financial planning
What do Financial Management offers?
Management of finance department in a firm
Financial/non-financial/public/private/NGO
Budgeting
Forecasting
Cash and credit management
Investment analysis and etc
Who said that Financial Management is concerned with the efficient use of an important economic resources viz capital funds.
Ezra Solamn
Means planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the enterprise
Financial Management
is an operational activity, which is accountable for the effective utilization of funds necessary for operations
Financial Management
One of the primary objectives of ________ is to maintain enough money to meet the necessary current and capital expenditure, apart from maximizing profits.
