Objectives Financial Planning and Management
All business dealings involving money are termed financial activities of the company. Planning, organizing, controlling and directing the financial deals like arrangements and spending the money for the success of the company is known as financial management says Ilan Korchmar . It is possible by putting in the basics of management to the various financial transactions of the business. Following are the various features of financial management: The board members are required to make important investment decisions including investment in property also known as Capital Budgeting. The decisions taken regarding investment in current assets of the business are termed as working capital decisions. Financial decisions: The important decisions regarding financial aspects of the business like identification of the right sources from where the money is arranged at a lesser cost for a definite period and how much that amount could earn for you. Dividend Decision:- ...