Financial Management Notes

Jun 18th, 2015
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Financial Management of a firm is concerned with procurement and effective utilisation of funds for the benefit of its stakeholders. It embraces all those managerial activities that are required to procure funds at the least cost and their effective deployment. The most admired Indian companies are Reliance and Infosys.

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Master of Business Administration- MBA Semester 2MB0045 Financial Management(Book ID: B1134)-------------------------------------------------------------------------------------------------------------------------------Q.1 Write the short notes on1. Financial managementFinancial Management:Financial Management of a firm is concerned with procurement and effective utilisation of fundsfor the benefit of its stakeholders. It embraces all those managerial activities that are required toprocure funds at the least cost and their effective deployment.The most admired Indian companies are Reliance and Infosys. They have been rated well by thefinancial analysts on many crucial aspects that enabled them to create value for its share holders.They employ the best technology, produce good quality goods or render services at the least costand continuously contribute to the shareholders wealth.2. Financial planningFinancial planning :Liberalisation and globalisation policies initiated by the government have changed thedimension of business environment. Therefore, for survival and growth, a firm has toexecute planned strategies systematically. To execute any strategic plan, resources are required.Resources may be manpower, plant and machinery, building, technology or any intangible asset.Toacquire all these assets, financial resources are essentially required. Therefore the finance manager of acompany must have both long-range and short-range financial plans. Inte

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