Scope of Financial Management

Dr. Toran Lal Verma

In an organization, finance department takes control over the  decisions related to finance. The finance department  has to coordinate with other department such as production, marketing etc. Financial management covers a wide area with multidimensional acivities which are needed to cooperate with each other to achieve financial goals. Following are the scope of financial management 1. Financial Management and Economics : Read More …

Finance Function

Dr. Toran Lal Verma

finance function is concerned with the functions of procuring funds, investing them into profitable projects and distributing the returns earned from those investments. Thus, Finance Function includes Investment Decision: This decision is also known as Capital Budgeting Decision. It is concerned with the evaluation and selection of proposals for long-term investments. The returns from these proposals are expected in the Read More …

Financial Management: Meaning, Definition and Nature

Dr. Toran Lal Verma

No business activity can be undertaken without finance. Finance is the lifeblood of business. A business cannot even be started without finance. Every kind of business organization, whether it is small, medium or big, it needs finance. Every business activity is an economic activity and these activities require finance. There arises the need for arranging and managing finance in the Read More …