FINANCIAL MANAGEMENT

Jun 18th, 2015
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INTRODUCTION OF FINANCE : In the modern-oriented economy, finance is one of the basis foundations of all kinds of economic activities. It is the master key, which provides access to all the sources for being employed in manufacturing and merchandising activities. Finance is the lifeblood of an enterprise, every enterprise, irrespective of size

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INTRODUCTION OF FINANCEIn the modern-oriented economy, finance is one of the basisfoundations of all kinds of economic activities. It is the master key, whichprovides access to all the sources for being employed in manufacturing andmerchandising activities.Finance is the lifeblood of an enterprise, every enterprise, irrespectiveof size, needs finance to carry on its operations and to achieve its targets. inour present day economy finance is the provisions of money at the time whenit is required and without adequate finance, no enterprise can possiblyaccomplish its objectives.According to the American Institute of certified public accountants,financial statements reflect, A combination of recorded facts, accountingconventions and personal judgments and conventions applied themmaterially.FINANCIAL MANAGEMENTFinancial management is an management which is related to dealmanagement is concerned with the acquisition, financing and management ofassets with some overall goal in mind.Financial management influences the profitability or return oninvestment of a business. The choice of capital investment decisively affectthe profitability of an undertaking.Financial management affects the solvency position of a business.Solvency refers to the ability to service debts paying interest and repayingprinciple as these become due. Profitability and nature of debts both concernsof financial management-govern the solvency aspect.THE BASIC OBJECTIVES OF F

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