CH-1-FINANCE - BASICS OF FINANCIAL MANAGEMENT WHAT IS...

This preview shows page 1 - 6 out of 14 pages.

BASICS OF FINANCIAL MANAGEMENT
Image of page 1

Subscribe to view the full document.

WHAT IS FINANCE ? FINANCE is the art & science of managing money”. The field of FINANCE refers to the concepts of time, money and risk and how they are interrelated. Financial services :- concerned with the design & delivery of advice & financial product to individuals, businesses & govt. within the areas of banking & related institutions, personal financial planning, investments, real estate, insurance… Financial management :- concerned with the duties of the financial manager in the business firm.
Image of page 2
“Financial management is about planning income and expenditure, and making decisions that will enable you to survive financially”. “Financial Management is concerned with that managerial decision that result in the acquisition & financing of long term & short term credits for firm”.
Image of page 3

Subscribe to view the full document.

KEY FEATURES Complete audit trail & other controls Multifunctional mgt. Reporting & analysis tools Performance mgt. architect Industry standard tools
Image of page 4
PROFIT MAXIMIZATION WEALTH MAXIMIZATION OBJECTIVES OF FINANCIAL MANAGEMENT
Image of page 5

Subscribe to view the full document.

Image of page 6

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern