Introduction to financial management

Finance is a backbone  of any business. Finance aids in procurement of various resources such as raw materials, machinery,According to F.W. Paish ," Finance may be defined as the position of money at the time it is wanted ".Meaning : Financial defines " the process of identifying ,obtaining and allocating sources of money ." Management -" process of planning , organising , coordinating and controlling various resources for the accomplishment of organisational goals". According to Solomon " Financial management is concerned with the efficient use of an important economic resource, namely, Capital Funds". 

Nature of Finance Function

Scope /Approaches

objectives & goals

Role of Finance manager