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Introduction to Financial Management

INTRODUCTION:

Business concern needs finance to meet their requirements in the economic world. Any
kind of business activity depends on the finance. Hence, it is called as lifeblood of business
organization. Whether the business concerns are big or small, they need finance to fulfil
their business activities.

Introduction to financial Management
[Post Image Courtesy of Mr. Lightman at FreeDigitalPhotos.net]

In the modern world, all the activities are concerned with the economic activities and
very particular to earning profit through any venture or activities. The entire business
activities are directly related with making profit.

(According to the economics concept of factors of production, rent given to landlord, wage given to labour, interest given to capital and profit given to shareholders or proprietors), a business concern needs finance to meet all the requirements. Hence finance may be called as capital, investment, fund etc., but each term is having different meanings and unique characters. Increasing the profit is the main aim of any kind of economic activity.
Introduction to Financial Management Introduction to Financial Management Reviewed by Ikpokolo Francis on Tuesday, January 31, 2017 Rating: 5

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