2. What is Financial Management?
Application of Managerial
techniques like Planning,
Organizing, contrlling to Finance
Function.
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FM means Planning, Organizing, Co-ordinating and
Controlling of Financial Activities like...
Raising funds,
Borrowings from banks and Financial institutions,
Collection from debtors,
Payment to creditors,
Payments of dividend,
Interest and taxes,
Writing books of accounts and
Maintaining financial records.
4. Functions of Financial Management
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Managerial
Financial Planning
Organizingg of Finance
Financial Co-ordination
Financial Control
Management of Working
Capital
Mgt. Of Fixed Assets
Mgt. Of Earnings
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Administrative
Maintance of Books of A/Cs
Accounts works
Control over the cash receipt
Payment of cash
Prepares bank reconciliation
statement
Maintance of important documents
with safety
Maintenance of Financial
Information
Financial Reporting
