The study of role of finance in the organization is with reference to financial management. The financial management is the course which has drawn major focus points from the many more disciplines. To study them, the inter relationship in between the financial management and other related disciplines.
The following are the related disciplines viz
Finance and Economics
The relationship in between these two disciplines are studied in two different headings viz Micro and Macro economics
The major part of the financial management is to raise the financial resource to the requirements. While raising the financial resources, the availability is subject to the macro economic influences.
Finance and Accounting
The two are embedded with different disciplines. The finance is the discipline which is mainly based on the cash basis of operations but the accounting is totally governed by the accrual system.
Accounting is mainly vested with the collection and presentation of data, but the finance is closely connected with the decision making of the organization.
Till this moment, the differences are discussed only to know the role of finance over the accounting of any organization. The following is the major relationship which lies in between the finance and accounting as follows "Finance begins where accounting ends"
The objectives of the financial management are classified into two categories viz
Let us discuss these two one after the another. The objectives of the financial management is discussed only to the tune of normative framework in between the financing, investment and dividend functions of the management.
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Accounts And Finance For Managers Tutorial
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Time Value Of Money
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Risk And Return
Cost Of Capital
Capital Structure Theories
Working Capital Management
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