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Cash Management: - Cash management comprises maintaining optimum cash balance and efficient collection and disbursement of cash.
Methods or else Devices of Cash Management: - The subsequent are the methods of cash management:
(1) Cash Budget
(2) Cash Flow Statements
(3) Cash Flow Ratios
(4) Cash Management Model or Baumol Model.
Budgeting and Budgetary Control: The next element of financial management is budgeting and budgetary control. Budgeting is an integral part of the management accounting proces
Meaning merits nd demerits of modern approch of financial management
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