Question

"financial management is more than procurement of funds" Discuss briefly

Answer 1

"financial management is more than procurement of funds".

It is because that financial management is related to many things like not only with precourement of funds but also related to raising of money from different sources, utilisation of funds in best way and distribution of funds .

By its name * Financial management * It is clearly showns that * A management with the managing of all funds for precourement, utilisation and distribution also.*

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Answer 2

Answer:

Hey mate here is your answer

Explanation:

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

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