PAPER ON FINANCIAL MANAGEMENT

Abstract

Financial management refers to the efficient and effective management of money (Funds) in such a manner as to accomplish the objectives of the organization. It is the Specialized function directly associated with the top management. Financial management typically applies to an organization or company's financial Strategy, while personal finance or financial  management refers to an individual's Management strategy. It includes how to raise the capital and how to allocate capital, i.e.Capital budgeting. Not only for long term budgeting, but also how to allocate the short Term resources like current liabilities. It also deals with the dividend policies of the Share holders. Essential Concepts in Finance presents chapters on accounting statements and their interpretation, forecasting, risk and return, the time value of money, and security valuation. Capital Budgeting and Business Valuation contains chapters on measuring a firm’s cost of capital, capital budgeting decision methods, incremental cash flow estimation, and business valuation