Unit-1 Introduction to Financial management
Meaning of finance and financial management
Introduction to Financial Management In this chapter, we will explore the meaning of finance and ...
Types of finance
In the field of financial management, there are various types of finance that are utilized by org...
classification of private finance
Private finance refers to the management and allocation of funds by individuals, households, and ...
Importance and Scope of financial management
Financial management plays a crucial role in the success and sustainability of any organization. ...
Approaches to finance function
The finance function within an organization plays a critical role in managing financial resources...
Relationship of finance with other business functions
Financial Management (FM) is a core function within a business that intersects with various other...
Objectives of financial management
Financial management is essential for organizations to effectively manage their financial resourc...
Profit maximization
Profit maximization is a key objective for many businesses, focusing on generating the highest po...
Wealth maximization
Wealth maximization is a modern approach in the field of business that focuses on enhancing the w...
Financial decisions
Financial decisions are a fundamental aspect of financial management and play a crucial role in s...
Internal relation of financial decisions
Financial decisions are interconnected within an organization, and understanding their internal r...
Factors influencing financial decisions
Financial decisions can vary between companies and even among departments within the same company...
Functional areas of financial management
1. Determining Financial Needs A finance manager is responsible for meeting the financial needs o...
Functions of a finance manager
Financial managers play a critical role in an organization's financial decision-making process. T...