Financial Management- Abode of Financial Study
Financial management means planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to the financial resources of the enterprise. The financial management is generally concerned with procurement, allocation, and control of financial resources of a concern.
Financial management has a plethora of functions to offer to its clients. Whether it is an estimation of capital requirements, determination of capital composition or choice of sources of funds each of these are the essential functions provided by financial management.
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