Financial Management - University of Al-Qadisiyah

Preface

Financial Management is an essential part of the economic and non economic activities which leads to decide the efficient procurement and utilization of finance with profitable manner. In the olden days the subject Financial Management was a part of accountancy with the traditional approaches. Now a days it has been enlarged with innovative and multi dimensional functions in the field of business with the effect of industrialization, Financial Management has become a vital part of the business concern and they are concentrating more in the field of Financial Management. Financial Management also developed as corporate finance, business finance, financial economics, financial mathematics and financial engineering. Understanding the basic concept about the financial management becomes an essential part for the students of economics, commerce and management.

This book provides detailed information about the finance and finance related area with simple language and the concepts are explained with easy examples. This book is also prepared based on the ., B.B.A., B.B.M., ., and M.B.A. syllabus of various universities for the benefits of the students.

AUTHORS

Contents

Preface

1 CHAPTER - INTRODUCTION TO FINANCIAL MANAGEMENT

Introduction Meaning of Finance Definition of Finance Definition of Business Finance Types of Finance Definition of Financial Management Scope of Financial Management Objectives of Financial Management ? Profit maximization ? Favourable arguments for profit maximization ? Unfavorable arguments for profit maximization ? Drawbacks of profit maximization ? Wealth maximization ? Favourable arguments for wealth maximization ? Unfavourable arguments for wealth maximization Approaches to Financial Management ? Traditional approach Functions of Finance Manager Importance of Financial Management ? Financial planning ? Acquisition of funds ? Proper use of funds ? Financial decision ? Improve profitability

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1?10

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