Financial Management 1

Finance is the ___ and ___ of managing money

Financial management “as an application of general managerial principles to the area of financial decision-making. 

• Howard and Upton

• Weston and Brigham

• Joshep and Massie

Financial Management “is an area of financial decision-making, harmonizing individual motives and enterprise goals”. 

• Weston and Brigham

• Joshep and Massie

• Howard and Upton

Financial Management “is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.

• Weston and Brigham

• Howard and Upton

• Joshep and Massie

Financial Management also called as ___, it focuses on decisions relating to how much and what types of assets to acquire, how to raise the capital needed to purchase assets, and how to run the firm to maximize its value.

The primary concern of ___ is the assessment rather than the techniques of financial quantification.

Corporate finance is concerned with ... except

• Budgeting & financial forecasting

• Cash management & credit administration

• Investment analysis & fund procurement

• Sales & promotion

Objectives of financial management

• Profit maximization

• Acquiring necessary capital

• Cash management

• Financial planning

Functions of Financial Manager except...

• Forecasting Financial Requirements

• Acquiring Necessary Capital

• Investment Decision

• Training employees

• Cash Management

Importance of Financial Management except...

• Financial Planning & Acquisition of Funds Financial

• Proper Use of Funds & Financial Decision

• Improve Profitability & Increase the Value of the Firm

• Promoting Savings

• Managing process & Inventory