Financial management refers to the efficient and effective management of funds in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. It involves planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization.
Finance is the life-blood of business and there must be a continuous flow of funds in and out of a business enterprise. Money makes the wheels of business run smoothly. Sound plans, efficient production system and excellent marketing network are all hampered in the absence of an adequate and timely supply of funds.
Sound financial management is as important in business as production and marketing. A business firm requires finance to commence its operations, to continue operations and for expansion or growth. Finance is, therefore, an important operative function of business.
Duration of this course: 25 mins.
System with Internet connection,Acrobat Reader, Adobe Flash Player,Due to Flash limitations,External Speaker or Headset some courses will only play in iOS tablets or mobile devices with additional software installation