Explain importance of financial management in points.

QuestionsCategory: QuestionsExplain importance of financial management in points.
afaq jafri asked 7 months ago

importance of financial management in points

1 Answers
Aftab Alam answered 7 months ago

What is Financial Management?
Financial Management is a process of planning, controlling and directing the financial resources of  the company. financial resources helps the company to grow and make it economically strong.
 Importance of Financial Management

  • Financial Management helps in financial planning.
  • Financial Management helps to company financial strong.
  • Financial Management Helps Making Dividend Decision.
  • Financial Management helps in Acquisition of Funds.
  • Financial Management helps in Financial Decision of company.
  • Financial Management Improves Profitability.
  • Financial Management Increases the Value of the Firm.
  • Financial Management Promotes Savings.
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