NATURE AND SCOPE OF FINANCIAL MANAGEMENT
Finance PPT.pptx (Size: 88 KB / Downloads: 91)
Finance is the blood of the business. Without finance neither any business can be started nor successfully run. Finance is needed to promote or establish any business, acquire fixed assets, make necessary, investigations, develop product keep man and machines at work, encourage management to make progress and create values.
J.F. Bradlery :
“Financial management is the area of business management devoted to a judicious use of capital and acareful selection of sources ofcapital in order to enable abusiness firm to move in thedirection of reaching its goals”
Meaning of financial management
Financial management isapplication of principles ofmanagement to the subjectcalled finance , it involvesplanning, controlling, decision making with respect to finance activity of the business.