Q. Describe the Meaning of Financial Management?
Meaning of Financial Management: - Financial management is a vital as well as an integral part of business management. It demotes to that part of managerial activity which is concerned with planning and controlling of financial resources of the enterprise. It deals with increasing finance for the enterprise and the efficient utilization of such finance. It comprises:
- Investment Decisions
- Financing Decisions
- Dividend Decisions
- Liquidity Decisions
- Capital budgeting
- Budgetary Control