Introduction to financial_research

May 28th, 2015
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Financial Management refers to that part of the management activity which is concerned with the planning and controlling of firm’s financial resources. It deals with finding out various sources for raising funds for the firm. The sources must be suitable and economical for the needs of the business. The most appropriate use of such funds also forms a part of financial management.

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Financial ManagementFinancial Management refers to that part of the managementactivity which is concerned with the planning and controllingof firms financial resources. It deals with finding out varioussources for raising funds for the firm. The sources must besuitable and economical for the needs of the business. Themost appropriate use of such funds also forms a part offinancial management.Definition of Financial Management Managerial activities which deals with planning andcontrolling of firms financial resources.-Financial management is the operational activity of abusiness that is responsible for obtaining and effectivelyutilising the funds necessary for efficient operations.J.L. MassieBusiness finance can be broadly defined as the activityconcerned with the planning, raising, controlling andadministering the funds used in the business.Guthmann and Dougall.Financial management is indispensible to any organisation as it helps in:1.Financial planning and successful promotion of an enterprise;2.Acquisition of funds as and when requires at the minimum possiblecost;3 Proper use and allocation of funds;4 Taking sound financial decisions;5 Improving the profitability through financial controls;6 Increasing the wealth of the investors and the nationFinance Function: Finance Function is the most important of all businesfunctions It remains a focus of all activities. The need for money iscontinuous. It starts with the setting up of enterp

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