Financial Management: Theories and Concepts
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Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Intelplus Resource
Abstract
We can define financial management as the management of the finances of an organization to achieve its business objectives. Financial management is a branch of economics that studies how to allocate limited financial resources. There are two aspects of financial management. Financial planning: There is a need to plan to ensure that the organization has enough funds when needed and to invest any excess funds properly. Financial control: Financial control involves setting financial targets and actual performance to targeted performance and taking corrective actions.
Description
Book
Keywords
financial management, business objectives
Citation
Wachira, D. M. (2021). Financial management: Theories and Concepts. Intelplus Resource.