Money is the lifeline for anybody.However,Money like other resources are always limited. On the other hand, wants are always unlimited.it is important for anybody to manage its Money efficiently. In short, Money Management is the Financial management.
Financial Management is a crucial for any business.A Business Organisation needs finances to obtain physical resources,to carry out productions and operations,pay salaries and wages etc.
Some definitions:
According to Solomon “Financial Management aims to effectively use the capital funds which also happens to be a significant Economic resources.
According to Howard and Upton, “Financial Management should be considered as an application of general managerial principles to the area of financial decision-making.
According to Phillippatus, “Financial Management is concerned with the managerial decisions that results in the acquisition and financing of short and long term credits for the organizations.”
After going through the Financial Management definition, it is understood that Financial management is crucial. Therefore , it is necessary task that every individual ,business or an organization needs to consider.
Financial Management 