what is financial management
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Financial management may be defined as the area or function in an organization which is concerned with profitability, expenses, cash and credit, so that the "organization may have the means to carry out its objective as satisfactorily as possible;" the latter often defined as maximizing the value of the firm
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Financial Management refers to efficient acquisition of finance, efficient utilisation of finance and efficient distribution and disposal of surplus for smooth working of a company.
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