Financial management accounts

1. ST.XAVIER’S COLLEGE OF
MANAGEMENT AND
TECHNOLOGY

2. FINANCIAL
MANAGEMENT
GP -08
SARVESH- 47
MUKUL-29
KUNAL-22
ASHUTOSH-11
ASHISH-01

3. CONTENTS
 INTRODUCTION
 MEANING
 OBJECTIVE
 IMPORTANCE
 LIMITATIONS

4. Financial Management
Financial Management means planning,
organizing, directing and controlling the financial
activities such as procurement and utilization of
funds of the enterprise is know as financial
management.
James c. Van Horne – “Financial management is
concerned with acquisition, financing and management of
assets with overall goal in mind’’.

5. START A BUSINESS
Decide Assets sources to be funds
Total cost owners funds outsiders funds
cash required to
run business

6. A
OBJECTIVE OF FINANCIAL MANAGEMENT
Basic objective
(A) profit maximisation.
(B) wealth maximisation.

7. Social objective
1. Timely payment of interest.
2.Payment of reasonable dividends.
3.Timely payment of wages.
4.Fair settlement with suppliers.
5.Timely payment of taxes.
6.Maintaining relations with financiers.

8. Operational objectives
1. Timely availability of
requisite finances.
2. Most effective utilisation of
finances.
3.Safety of investment.
4. Growth of the enterprise.

9. Research objectives
1. Researching into new and
better sources of finance.

10. Importance of financial
management
1.Financial planning.
2.Acquisition of funds.
3.Proper use of funds.
4.Financial decision.
5.Promoting savings.
6.Increase the value of the firm.

11. Limitation of financial
management
1. more emphasis on rising fund.
2. special attention on long term
finance.
3. Dependence of historical costs.
4. No discussion of non financial
issues.
5.Intangible assets not recorded.

12. conclusion
The financial management describe the
principal process in managing the
financial aspect of the organisation.
Financial management help to take the
strategic decision making.

13. References
DR. R.P.RUSTAGI
FINANCIAL MANAGEMENT THEORY
AND PRACTICE.
WIKIPEDIA

14. QUESTION TIME

15. THANK YOU