What is financial management and its function?
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Financial management deals with managing of finance i.e., it deals with the proper use of funds.
Functions of financial management are as follows-
☆ Estimating the amount of capital required.
☆ Determining capital structure
☆ Choice of sources of funds
☆ Procurement of funds
☆ Utilisation of funds
☆ Disposal of profits or surplus
☆ Management of cash
☆ Financial control
Functions of financial management are as follows-
☆ Estimating the amount of capital required.
☆ Determining capital structure
☆ Choice of sources of funds
☆ Procurement of funds
☆ Utilisation of funds
☆ Disposal of profits or surplus
☆ Management of cash
☆ Financial control
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