Question

Financial management is more than procurement of fund explain

Answer 1

Thanks for asking the question.

I may help you out in finding the answer.
Generally financial management is concerned with those managerial decisions that help firm either in the long way scenario or in short term. But , it need special ability to handle the matter in a good way.
Financial management is not only about procurement of funds but it also greatly concerned about effective use or utilization of funds. Ideally, management is also about how to use the funds in a beneficial ways of firm.
this is why procurement of funds is a part of financial management , not the whole management.

Answer 2

Financial management refers to the application of management principles to the various financial resources utilized in a project. Thus, apart from the procurement of funds, financial management also involves making use of those funds effectively. In other words, apart from procuring funds, financial management involves fulfillment of other functions such as:

# Capital requirements estimation

# Determination of source of funds

# Funds investment

# Surplus disposal

# Cash management