Home | Darpan | Volume 3 | Issue 3 July-Sep 2010 | Presentation on Tools of Financial Management.

Presentation on Tools of Financial Management.

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CA Prof. Ankita Jain CA Prof. Ankita Jain

Financial Planning, Financial Control, Financial Decision-making was discussed and explained in the presentation

 

On 27th July 2010, CA Prof. Ankita Jain presented a topic on the Tools of Financial Management.

She said Financial Management can be defined as, the management of the finances of a business / organization in order to achieve financial objectives

Taking a commercial business as the most common organizational structure, the key objectives of financial management would be to, Create wealth for the business, Generate cash, and, provide an adequate return on investment bearing in mind the risks that the business is taking and the resources invested. There are three key elements to the process of financial management:

(1) Financial Planning

(2) Financial Control

(3) Financial Decision-making

 

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