Unformatted text preview: Scope of financial management is vast and important to business . It is involve in all level of management and all fields of human activities. We can prove that without good financial management, no organization can be alive. Organization (duplicate name of selfish group of people) is helpful for people and wants welfare of public. But, it need fund , money and cash and for getting it, it uses techniques of financial management. So financial management makes his place everywhere. Never understand it as the name of book but it is practical science to support business to live respectful life in society. We can divide financial management scope into three major parts:- 1. Financial Management in New Companies A new company spends large amount on production and marketing but it should ignore proper use of its fund. Financial management’s gateway is new company and if new company ignores financial management study, it means it is ignoring...
View Full Document
- Fall '10