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What is Understanding Financial Management Basics about?

Financial management is the art and science of managing finances. It is concerned with the duties of financial managers in business firms. The key functions of financial management include anticipating financial needs, acquiring funds from various sources, allocating funds to assets, appropriating profits, and assessing financial activities. Financial management aims to maximize profits and shareholder wealth through optimal financial decision making. It draws on disciplines like accounting, economics, and

Author

Rashmi Vaishya

Language

EN