Financial Management

Financial Management is an important aspect of how a business operates efficiently. The way that the finances are controlled can determine how successful the company is. The finances of a business allows for the growth of the company. The five practices of financial management: capital structure decision, investment appraisal techniques, dividend policy, working capital management and financial performance assessment are critical when assessing a company. The performance of a company plays a key role on how successful the company is on meeting goals. There are different strategies and tools that a company can implement and if they are used to effectively the company can meet their goals. If a company has good finances, a good

Financial Management: “The process for and the analysis of making financial decisions in the business context.” (Cornett, Adair, & Nofsinger, 2016, p. 5).

The finance function and its relation to other decision-making areas in the firm; the study of theory and techniques in acquisition and allocation of financial resources from an internal management perspective.

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds for an organization. It means applying general management principles to financial resources of the enterprise or organization. The scope of financial management can cut across a wide range of the organizations departments and can involve investment decisions including investment in fixed assets. Investment in current assets is also a part of investment decisions called working capital decisions. Financial management also involves making financial decisions. These relate to the raising of finance from various resources which will depend upon decision on type of

Financial and accounting management deals with supervisory activities associated to procurement and operation of fund for industry purpose. Its sub areas are as follows:

Financial management accumulates statistical data and manufacturing financial accounts and statements; and produces a resolution of financial disputes. In contrast Financial leadership is a guide towards organizational support. However, in order for that process to happen in a profitably manner; the Chief Financial Officer has to be attentive when it comes to critical perceptions and authenticities. The most conflicting problem for a Chief Executive Officer is to consistently be aware of their organization being in a respectable financial condition. Having this

Finance, understanding how it affects the smallest business to the largest organization, is the origin to financial success in businesses. According to Gitman (2006), finance is the art and science of managing money. Virtually every individual business and large organization, Be the organization for profit or non-profit, depends on the rates at which these entities earn, or raise money, and the rate at which they spend or invest these earned monies. Understanding these financial processes will enable the financial manager, or even the non-financial managers to more effectively interact with financial personnel, processes, and procedures.

1. Define the terms finance and financial management, and identify the major sub-areas of finance. Finance is the way in which money is used and handled; especially, the way in which large amounts of money are used and handled by governments and companies (Merriam-Webster, 2014). Financial Management is the planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization (Businessdictionary, 2014). The major sub-areas of finance are: investments—involves methods and techniques for making decisions about what kinds of securities to own; financial management—deals with a firm’s decisions in acquiring and using the cash that is received from investors or from

c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization.

Financial management has a long and distinguished history. Consider, for example, that Socrates wrote about the universal function of management in human endeavors in 400 B.C. and that Plato developed the concept of specialization for efficiency in 350 B.C. Evidence of sophisticated financial management exists for much earlier times: the Chinese produced a planning and control system in 1100 B.C., a minimum-wage system was developed by Hammurabi in 1800 B.C., and the Egyptians and Sumerians developed planning and record-keeping systems in 4000 B.C.1 Many

Financial management decision-making consists of techniques, tools and procedures that a company or individual uses to gather ideas, evaluate options and select the best outcomes, depending on internal and external factors. A firm 's leadership may ask department heads, segment chiefs and accounting managers to provide input in financial decision-making processes. There are three main financial management

Human Resource Management, unlike Personnel Management, is linked to and plays a vital role in the organisations strategic planning and execution in order to make a decisive impact on the organisation 's overall performance. Human Resource Management is concerned with philosophies, practices, and policies influencing the management of people in organisation so as to attain

In the past five the company’s retail gearing levels were high (over 50%) with exception of 2003 when it was 44.7%. (See appendix 1)

Financial management refers to the proficient and effective management of cash (assets) in order to accomplish the destinations of the organizations. (financial management, 2015). Money related education is a blend of awareness, information, attitude, the state of mind and conduct important to settle on sound monetary choices and at last, accomplish singular prosperity. Financial literacy is the capacity to peruse, analyze, oversee, and convey about the individual money related conditions that influence material prosperity. It incorporates the capacity to perceive monetary decisions, talk about cash and money related issues without (or in spite of) uneasiness, plan for the future, and react capability to life occasions that influence each

In financial management there is effective and efficient management of money which accomplish the goals of organization. It is the specialized functions directly associated with the top management. The significance of this function is not only seen in the 'Line' but also in the capacity of 'Staff' in overall administration of a company. The financial management is defined differently in different fields.