What is Finance Management all about?

Question

How does it helps managers in work?

Answer 1

Money is scarce and resources are few and limited. All these have to be managed.

Answer 2

Management is the art and science of managing 5 M's i. e. men,material,money,machinery,market.Finance management is basically management of money in varrious forms.Managing lenders,creditors,taxation,pricing,wages,purchases,sales,cost, risk,business volumes,overheads,profit,share holders stake,stock holders stake,creditabilty, etc.
A man can't suceed if he uses only one orgon . Same is true for managers without finance vision because of which a business becomes financially non viable.

Answer 3

Financial Management is the management of company transactions such as Incoming, Outgoings, taxations, cost cutting, budgeting and payments of employee's salaries
It also refers to preparing Balance sheets, taxation records and Tax deduction services

Answer 4

Finance Management is branch of management which deals with all financial matters of company or industries. It looks in the field of various funds availability, distribution of funds to various department in the firm, allocation of new sources of funds,new loans and relaxation of taxes, financial policy,new projects causing profit , analysis of project its investment and finally deciding to go for it or not?. Procurement of money from sales and customer parties. investment planning and evaluation. Market survey for fund availability on what int rest and what term and policy.to sold uot scrap and recover the optimum value on the scrap.deciding when to buy? from whom yo buy?what ot buy? what ot produce in what quantity?

Answer 5

financial manage ment is the management of fund required for the business