Meaning of Financial Management

May 7th, 2015
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Management of funds is a critical aspect of financial management.

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Meaning of Financial Management Financial ManagementManagement of funds is a critical aspect of financial management. Management of funds acts as the foremost concern whether it is in a business undertaking or in an educational institution. Financial management, which is simply meant dealing with management of money matters.Meaning of Financial ManagementBy Financial Management we mean efficient use of economic resources namely capital funds. Financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long term credits for the firm. Here it deals with the situations that require selection of specific assets, or a combination of assets and the selection of specific problem of size and growth of an enterprise. Herein the analysis deals with the expected inflows and outflows of funds and their effect on managerial objectives. In short, Financial Management deals with Procurement of funds and their effective utilization in the business. So the analysis simply states two main aspects of financial management like procurement of funds and an effective use of funds to achieve business objectives.Procurement of funds:As funds can be procured from multiple sources so procurement of funds is considered an important problem of business concerns. Funds obtained from different sources have different characteristics in terms of potential risk, cost and control.Funds issued by the issue of equity shares are the

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