Financial Management
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Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management.
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financial management is a managerial activity that deals with planning and controling of firms financial resources. Financial management deals with procurement of fund and effective utilisation of fund in business. The two basic aspect of financial management are procurement of fund and effective utilisation of fund to acheive business objectives.In procurement of fund managers are consented to minimise the cost and while utilising they are consented to maximise returns.
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