Use BookMyEssay:Financial Management Assignment Help

Financial management is all about the management of financial activities and processes to ensure there is procurement and utilization of funds in a proper way. It is the planning, organizing, directing and controlling of the financial activities like the procurement and the utilization of the organizations funds.

Scope of Financial Management

Investment decisions which involves fixed asset investments, current asset investments etc as part of financial investment decisions also known as the working capital. These are the base for any set up or for any organization.

Financial decisions are also there which involves decisions related to raising funds from various sources and finalizing which source of finance to choose from depending upon the rate of interest, costing etc. For all business men it is very important to be very well aware and informed about what all sources exist, which source to tap when and create a best combination.

Divided decision is another element which involves the decision related to net profit distribution. There can be two things either the profits get distributed as dividend or some part as retained profits to be used for future. This depends upon how the company is planning to move. Keeping the shareholders motivated is also important besides ensuring we have something available to keep us going in future is also an important thing to be taken care of.

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Financial Management Objectives

The biggest objective of financial management is to ensure there is well managed financial process in an organization. It is important to ensure there is proper availability of funds in the organization. There has to be an adequate supply of the funds. Another thing that needs to be ensured is that the right investment sources are chosen so that there are good returns to the shareholders. This also has to be done to ensure there is optimum utilization of funds at right place for maximum benefits. These are the basics any financial manager has to be sure of and also ensure that these financial checks and financial to do are in place.

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