Summary |
Financial Management is that managerial activity which is concerned with the planning, raising and optimum utilization of financial resource with a objective to maximize the value of the firm and thereby maximizing the wealth of owners/shareholders of a company.
Financial management is concerned with all managerial efforts including various concepts and techniques used in management of finance. It is concerned with planning, raising and wise use of financial resources with an objective to maximize wealth of shareholders of a company. The success or failure of any business firm mainly depends upon the efficiency and quality of financial decision taken by it.
The articles presented in the book pertain to the various aspects of financial management and other related aspects. Finance is soul of every organization, hence organization are required to take effective steps regarding financial management.
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