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What is Understanding Financial Management Basics about?
1. The document discusses the aims, functions, and scope of finance. It covers traditional and modern approaches to financial management. 2. Under the traditional approach, the scope of finance was narrow - it focused only on procuring funds. The finance manager was not involved in decisions regarding fund utilization. 3. The modern approach sees financial management as integral to overall management. It focuses on the effective and judicious utilization of funds, not just raising them. The finance mana
- Author
- Mahesh Hadapad
- Language
- EN