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Q. Explain Financial Management in brief?
In the management of business firms, there are various well known functional areas such as Production Management, Materials Management, Marketing Management, Human Resource Management, etc. In addition to these areas, there is an area of Financial Management also. All these functional areas are interrelated and practically equally important in any firm. The financial management provides oxygen to the life of a firm by providing uninterrupted flow of funds throughout the firm and thus helps achieving the ultimate objectives of the firm. The finance function is related to every other functional area of the management, wherever and wherever a policy decisions is to be taken. The reason is obvious. Every policy decision involves some or other financial implication. The relationship between financial management and other functional areas has been analyzed in the following discussion.
(a) The term "financial reporting" incorporates not only financial statements, but also includes other means of communicating financial and non-financial information. Financial rep
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Question: In each case below and having regard to your knowledge of Accounting Concepts, comment on and assess the validity of the accounting implications/practices to be adop
You have the following limited information upon which to base your decision as to which is the better of two alternative funding arrangements: ? Alternative 1 is to arrange funding
answers for the personal finance literacy 2nd edition workbook answers chapter 9(obtaining and protecting your credit)
Development of the Market Until 1950s, T-Bills were issued by both the Central and State Governments and from 1950s, it is only the Central Government that is issuing Treasury
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Government intervention The government might look for intervene in the take-over bid because of fears that the market share of the combined group would constitute a monopoly wh
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