Category Archives: Financial Management

Making the claim

It would be good if life was always fair. Well, it would be better if life was always generous to you, but that would be asking the impossible. The best you can hope for is that people and companies treat you honestly and fairly. As an example, you would imagine insurance companies would be more generous because of the mandate. You are given no choice by the state. This is big government ordering you to buy insurance if you want to drive. So the insurance company should respect your position and, when the inevitable accident happens, smooth the way for your claim. The state has forced you to give them money. The least they can do is give it back with good grace.

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Importance of Financial Management Degrees

Article by Amarendra

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Financial Management: Financial literacy for decision makers

Article by Vijay C. Mistri

Most companies, large or small, have key staff members who are strong as it relates to financial analysis and financial management……..WRONG! The fact is that most organizations still equate financial management as the ability to make sure that there is money in the bank, that financial records are up to date, or that there is a proper accounting of all financial resources. What many people don’t understand is that those activities are closely related to financial MAINTENANCE, not financial management; and yes THERE IS A BIG DIFFERENCE.

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Financial Management and Its Basic Aspects for Business

Article by Gitesh Sinha

“Financial management comprises of forecasting, planning, organizing, directing, co-ordinating and controlling of all activities relating to acquisition and application of the financial resources of an undertaking while keeping in view its financial objective.”

“Financial Management is concerned with managerial decisions that result in the acquisition and financing of short-term and long-term credits for the firm.”

“Financial management deals with procurement of funds and their effective utilization in the business.”

Financial management entails planning for the future of a person or a business enterprise to ensure a positive cash flow. It includes the administration and maintenance of financial assets. Besides, financial management covers the process of identifying and managing risks.

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Global Financial Management Scenario

This is an animated truth that current financial management scenario in the global market is very appalling. Thousands of mills, industries and corporate houses have been closed due to that brutal economic chaos. It has been most recently scrutinized by the economists that recession has badly affected the finance management structure throughout the world. This way, United States of America is one of the most affected countries due to that economic chaos. On account of worldwide recession, the general prices of several consumer goods have been viciously increased all over the world.

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