Financial Management: Defination & Scope of FM

Financial Management:Defination,Scope

Definition:Finance may be defined as the art and science of managing money.Financial management
concerned with the duties of the financial managers in the busyness
firm.

That means financial management discuss about the financial affairs of any type of busyness namely ,financial and non-financial,private or public,large and small,profit seeking and non-profit.
It also refers to the budgeting,financial forecasting
,cash management,credit administration,investment analysis,funds management and so on.

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