Explain financial management in brief, Financial Management

Assignment Help:

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.


Related Discussions:- Explain financial management in brief

Benefit and drawback of maintaining many manufacturing sites, Discuss the b...

Discuss the benefits and drawbacks of maintaining multiple manufacturing sites like a hedge against exchange rate exposure. Answer:  To set up multiple manufacturing sites can

Net present value of the Lease, how to calculate the net present value when...

how to calculate the net present value when there is company tax rate and rate of return assume that lease is for 2 years payable at the begining of the yr, at the end of two yrs t

Financial analysis for anthony''s orchard, The Final Project for this modul...

The Final Project for this module is a consultancy report to Anthony’s Orchard, an expanding apple orchard and distributor. The company has been entertaining the idea of expanding

Wealth maximization, Wealth Maximization :- It is as well termed as value m...

Wealth Maximization :- It is as well termed as value maximization or Net Present worth maximization. This schema is now universally accepted as an appropriate criterion for making

Illustrate the structure of financial markets, Illustrate the structure of ...

Illustrate the structure of financial markets? Structure of financial markets: Financial markets can be categorized onto the basis of several parameters as follows: the n

Sensex, What is Financial index & commodity index? Method of index uses in ...

What is Financial index & commodity index? Method of index uses in calculation? Weighted average method? How to calculate index?

Why is the replacement value of assets method, Why is the replacement value...

Why is the replacement value of assets method not generally used to value complete businesses? The replacement value of assets method isn't often applied to entire business val

Different cost of capital with changed proportions, Different Cost of Capit...

Different Cost of Capital with Changed Proportions: It is quite possible that the specific costs of capital of different sources may be affected by the amount of funds' raised and

Statement showing working capital requirement, Current Assets:- Stoc...

Current Assets:- Stock of Raw-Materials :- [(Cost of yearly consumption Of raw material)*{ (Average Inventory holding period (weeks/months))}/(52 weeks / 12 months)]=

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd