Financial Management
FINANCIAL MANAGEMENT – AN OVERVIEW
Unit structure: 1. Introduction 2. Learning objectives 3. Section title
Meaning
Definition
Objective
Advantages of wealth maximization
Criticisms of wealth maximization
Scope & Functions of Financial Management
Role and function of the finance manager
Financial Management and Economic
Financial management and Accounting
Evolution of financial management
Functional areas of financial management
Financial decisions
Have you understood questions
Summary
Exercises
References
Financial Management - AV OVERVIEW
Meaning - Objectives of Financial Management- ‘A’s of Financial Management - Scope and Functions of Financial Management - Role and Functions of the Financial Manager - Financial Management and Economics – Financial Management and Accounting - Evolution of Financial Management – Functional Areas Financial Management - Financial Decisions - Financial requirement decisions - Investment decision - Financing decision - Dividend decisions Problems - Review Questions and Quiz.
1. INTRODUCTION Financial management is an appendage of the finance function. We have already discussed the finance function and its significance. With the creation of a complex industrial structure, this function has grown so much that is has given birth to a separate subject — Financial Management - which is today recognized as the most important branch of business administration. One cannot think of any business act in isolation from its financial implications. The management may accept or reject a business proposition on the basis of its financial viabilities. In other words, financial considerations reign supreme particularly for line executives who are directly involved in the decision-making process. In this connection, Howard and Upton observe: “Financial management involves the application of general management principles to a particular financial operation”.
2. LEARING OBJECTIVES
On going through this
Unit structure: 1. Introduction 2. Learning objectives 3. Section title
Meaning
Definition
Objective
Advantages of wealth maximization
Criticisms of wealth maximization
Scope & Functions of Financial Management
Role and function of the finance manager
Financial Management and Economic
Financial management and Accounting
Evolution of financial management
Functional areas of financial management
Financial decisions
Have you understood questions
Summary
Exercises
References
Financial Management - AV OVERVIEW
Meaning - Objectives of Financial Management- ‘A’s of Financial Management - Scope and Functions of Financial Management - Role and Functions of the Financial Manager - Financial Management and Economics – Financial Management and Accounting - Evolution of Financial Management – Functional Areas Financial Management - Financial Decisions - Financial requirement decisions - Investment decision - Financing decision - Dividend decisions Problems - Review Questions and Quiz.
1. INTRODUCTION Financial management is an appendage of the finance function. We have already discussed the finance function and its significance. With the creation of a complex industrial structure, this function has grown so much that is has given birth to a separate subject — Financial Management - which is today recognized as the most important branch of business administration. One cannot think of any business act in isolation from its financial implications. The management may accept or reject a business proposition on the basis of its financial viabilities. In other words, financial considerations reign supreme particularly for line executives who are directly involved in the decision-making process. In this connection, Howard and Upton observe: “Financial management involves the application of general management principles to a particular financial operation”.
2. LEARING OBJECTIVES
On going through this