Financial Management Notes

financial management notes ROLE OF FINANCIAL MANAGEMENT - pecuniary management is one of the functions of management - Financial management is pertain with o Profits and handoutes of operations o ascertain over cash o Ensuring appropriate cash ascend is available o Chas management o Raising coin / controlling internal funds o Investment of funds o Cost control / pricing o prognostic / measuring financial performance against expectations - Accounting is a subset of financial management.

Financial transactions must be recorded, classified, stored and eventually account to the managers. - OBJECTIVES OF FINANCIAL MANAGEMENT o Liquidity Refers to cash reserves being held, or to the ability to turn and investment into cash with little or no delay or loss of capital o Solvency Refers to a business ability to stand its debts when due, and remain a going concern o positiveness Refers to how profitable the bus...If you want to get a full essay, do it on our website: Ordercustompaper.com

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