financial management homework help expert

1. Financial Management : Introduction Get Solution Finance, Accounting

2. What is Financial management Financial management is an organic function of any business. Any organization needs finances to obtain physical resources, carry out the production activities and other business operations, pay compensation to the suppliers, etc. Financial management is defined as dealing with and analyzing money and investments for a person or a business to help make business decisions. An example of financial management is the work done by an accounting department for a company

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4. Learning production and finance Productivity keeps changing. At times it even drops. When extensive production does well, then it results in Business cycle expansion. When it drops, then it brings the recession. The technology is often responsible for the growth of productivity. It also results in a productivity drop. Productivity can initially fall when technology makes human capital obsolete. More and more jobs are getting destroyed. Cash that is often calculated tends to get jumbled up. It is most noted that pupils like you are the most apprehensive of forming a clear concept. In many other instances, it may appear as if you are periled by the very thought of the use of concepts.

5. Objectives of Financial Management The financial management is generally concerned with procurement, allocation and control of financial resources of a concern. The objectives can be- • To ensure regular and adequate supply of funds to the concern. • To ensure adequate returns to the shareholders which will depend upon the earning capacity, market price of the share, expectations of the shareholders. • To ensure optimum funds utilization. Once the funds are procured, they should be utilized in maximum possible way at least cost. • To ensure safety on investment, i.e, funds should be invested in safe ventures so that adequate rate of return can be achieved. • To plan a sound capital structure-There should be sound and fair composition of capital so that a balance is maintained between debt and equity capital.

6. Functions of Financial Management • Estimation of capital requirements: A finance manager has to make estimation with regards to capital requirements of the company. This will depend upon expected costs and profits and future programmes and policies of a concern. Estimations have to be made in an adequate manner which increases earning capacity of enterprise. • Determination of capital composition: Once the estimation have been made, the capital structure have to be decided. This involves short- term and long- term debt equity analysis. This will depend upon the proportion of equity capital a company is possessing and additional funds which have to be raised from outside parties. • Choice of sources of funds: For additional funds to be procured, a company has many choices like- • Issue of shares and debentures • Loans to be taken from banks and financial institutions • Public deposits to be drawn like in form of bonds.

7. Why is Financial Management important? • This form of management is important for various reasons. Take a look at some of these reasons: • Helps organizations in financial planning; • Assists organizations in the planning and acquisition of funds; • Helps organizations in effectively utilising and allocating the funds received or acquired; • Assists organizations in making critical financial decisions; • Helps in improving the profitability of organizations; • Increases the overall value of the firms or organizations; • Provides economic stability; • Encourages employees to save money, which helps them in personal financial planning.

8. Why study financial management? Diverse career opportunities: Studying financial management opens up a lot of diverse career opportunities. It could be in the private or public sector. Some of the career options include investment banking, entrepreneurship, financial analysis, financial and managerial accounting, and strategic financial management. It is also beneficial for those people who are interested in starting their own business. Doing a financial management course or obtaining a finance degree can help people get promotions or better accounting jobs. Improve interpersonal skills: Doing a course in this field will allow you to build better communication and teamwork skills through developing relationships with your colleagues.

9. Why study financial management? Builds personality: Doing a course in this field also helps in improving your soft skills. This is because people who wish to work in this sector must be extroverts, and should be able to talk about finance for hours altogether. This helps in improving their personality, knowledge, and communication.

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