What is 'Financial Management'
Financial Management is the process of planning, organizing, directing and controlling the financial events such as procurement and utilization of funds of the organization. It means applying universal management philosophies to financial resources of the organization.
In financial management, finance manager is chief authority. Not only to raise the finance of business, finance manager will also do many other works for business. Following are the main roles of financial manager. Raising Funds of Company: Finance manager analyze different sources of business. He didn’t get fund fr...read more
The scope of financial management includes three clusters. First – concerning to finance and cash, second – increasing of fund and their administration, third – along with the activities of rising funds, these are part and section of total management, Isra Salomon fingered that in view of funds utilization thi...read more