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Financial Management

Financial Management

Financial Management is one of the important function of management in dealing with the resource and monetary aspect of business for funding and operating a business with adequate return.

 

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Anastasia Romanova

Anastasia Romanova

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Almost every firm, government agency, and other type of organization employs one or more financial managers. Financial managers oversee the preparation of financial reports, direct investment activities, and implement cash management strategies... The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, and manager of international banking.

Article: Occupational Outlook Hand...
Source: U.S. Bureau of Labor Stat...

Financial Planning is process of framing objectives, policies, procedures, programmes and budgets regarding the financial activities of a concern. This ensures effective and adequate financial and investment policies. The importance can be outlined as-

1. Adequate funds have to be ensured...

Article: Financial Planning - Defi...
Source: Management Study Guide - ...

…the Federal Financial Management Act of 1996 (FFMIA) requires the major departments and agencies covered by the CFO Act to implement and maintain financial management systems that comply substantially with (1) federal financial management systems requirements, (2) applicable federal accounting standards, and (3) the U.S. Government Standard General Ledger (SGL) at the transaction level.

Article:   Fianacial Management. Lon…
Source:  Offline Book/Journal

Financial Management is the process of planning decisions in order to maximize the owners' wealth. Financial managers have a major role in cash management, in the acquisition of funds, and in all aspects of raising and allocating financial capital, taking into account the trade-off between risk and return.

Article:   Financial Management
Source:  Offline Book/Journal

Because the primary objectives of financial management are to maximize the firm's intrinsic value and then help ensure that the current stock price equals that value, knowledge of the stock market is important to anyone involved in managing business.

Article:   Financial Management Theo…
Source:  Offline Book/Journal

Three views or frameworks have emerged from the textbooks published since 1986, even though what they include varies and their style wanders from normative to descriptive. The first group of texts builds within an applied macro and microeconomics framework...
The second and third textbook groups use a framework from public administration's traditional study of institutions...

Article:   What Is Financial Managem…
Source:  Offline Book/Journal

Financial management comprises two distinct but interrelated aspects. The external aspect, usually referred to as the treasury function, is concerned with the relationship between the enterprise and the capital market... The internal aspect, usually referred to as the financial control function, is concerned with the relationship between the enterprise and its constituent businesses (in most cases defined in terms of products and/or markets)...

Article:   Financial Management: The…
Source:  Offline Book/Journal

In general financial management is the effective & efficient utilization of financial resources. It means creating balance among financial planning, procurement of funds, profit administration & sources of funds.

Article: Financial Management: Def...
Source: Business Management Artic...

Financial Planning has got many objectives to look forward to:

a. Determining capital requirements- This will depend upon factors like cost of current and fixed assets, promotional expenses and long- range planning. Capital requirements have to be looked with both aspects: short- term and long- term requirements.
b. Determining capital structure- The capital structure is the composition of capital...

Article: Financial Planning - Defi...
Source: Management Study Guide - ...

FINANCIAL MANAGEMENT is the process of managing financial resources, including management decisions concerning accounting and financial reporting, forecasting, and budgeting.

Article: ACCOUNTING TERMS - ACCOUN...
Source: Financial Analysis - Rati...
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