Financial Management Introduction - Accounts and Finance for Managers

The financial management was initially perceived that the study with reference to only procurement of funds but later it was extended to one more additional feature that efficient utilization of funds.

It is imperative to understand the meaning of the term “Finance”

  • Money with objective
  • Money with purpose
  • Money with direction
  • Money with target
  • Money with achievement
  • Money with aim

The above explanation is able to understand the real meaning of the term finance which is nothing but effective utilization raised money with some purpose to achieve in desired direction.


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