[Latest News][6]

Affiliate Marketing Guides
Agriculture Business Ideas
Amazon Online Store Tips
Banking & Finance Tips
Blogging & Webmaster Guides
Bulk SMS Short Code Guides
Computer & IT Business Ideas
Education Business Ideas
Entrepreneurship Tips & Freebies
Facebook Autopilot & Tips
Fashion & Decoration Ideas
Financial Calculators
Fiverr Income Guides
Free SMS Text Messages
Google Adsense Tips
Health Business Opportunities
Inspirational Poems & Literature
Insurance & Risk Management
Job Search Tips
Mobile Phone Tips & Business
Motivational Quotes & Tips
Oil & Gas Business Ideas
Online Business Guides
Online Importation Business Guides
Small Scale Business Ideas
Social Media Income Guides
Start-Up Business Ideas
Transportation & Haulage Ideas
Web & Graphic Designing Ideas
Work-At-Home Business Ideas

Definition Of Financial Management


Financial management is an integral part of overall management. It is concerned with the
duties of the financial managers in the business firm.

The term financial management has been defined by Solomon, “It is concerned with
the efficient use of an important economic resource namely, capital funds”.

The most popular and acceptable definition of financial management as given by S.C.
Kuchal is that “Financial Management deals with procurement of funds and their effective
utilization in the business”.

Howard and Upton: Financial management “as an application of general managerial
principles to the area of financial decision-making.

Definition Of Financial Management
[Post Image Courtesy of Nokhoog_Buchachon at FreeDigitalPhotos.net]

Weston and Brigham: Financial management “is an area of financial decision-making,
harmonizing individual motives and enterprise goals”.

Joshep and Massie: Financial management “is the operational activity of a business
that is responsible for obtaining and effectively utilizing the funds necessary for efficient

Thus, Financial Management is mainly concerned with the effective funds
management in the business. In simple words, Financial Management as practiced by
business firms can be called as Corporation Finance or Business Finance.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

No comments:

Post a Comment

Do you have any reasonable comments for this post ? Please feel free to drop them below using the comment box. We will moderate and publish them as soon as possible. Cheers !

Start typing and press Enter to search