Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Management Expert

INTRODUCTION OF FINANCIAL MANAGEMENT:

Financial management refers to effective and efficient management of the cash in such a manner to complete the objectives of organization. It is focused on functions who are directly associated with top management.

Financial Management is an Operational Activity of business that is responsible for the obtaining and effectively utilizing funds essential for the efficient operation. The Business finance deals primarily with the rising administering and disbursing funds by the privately owned business units operating in the non-financial fields of the industry. The Financial Management is area of the financial decision making, opposite individual motives and the enterprise goals.

Financial management is an area of the business management devoted to the judicious use of capital and careful selection of the sources of capital in order to enable the business firm to move in the direction of capacity to its goals. The Financial management is application of the planning and control function to finance function. The Financial management may be defined as the area or set of administrative function in organization which is relate with arrangement of the cash and credit so that the organization may have the means to bear out its objective as the satisfactorily as possible.

ELEMENT OF FINANCIAL MANAGEMENT:

There are three key elements to the process of financial management and they are:

Financial Planning:  The Management requirements to ensure that enough financial support is available at the right time. In the medium or long term, funding may be essential for significant additions to productive capacity of business and to make acquisitions.

Financial Control:  The Financial control is critically significant movement to help the business ensure that business is meeting it is objectives. The Financial control addresses questions such as:

1. Are assets being used proficiently?

2. Are the businesses resources safe?

3. Do management act in best interest of the shareholders and in accordance with the business rules?

Financial Decision-making: The key aspects of the financial decision-making relate to the investment, financing and dividends.

1. Investments must be financed in some of the way however there are always financing alternatives that can be rash.

2. A key financing decision is that whether profits earned by business should be retained rather than distributed to the shareholders via dividends.

SCOPE OF FINANCIAL MANAGEMENT:

Financial management has extensive scope.

1. Anticipation: Financial management estimates the financial needs of business. it finds out how much finance is required to the company.

2. Acquisition: It collects finance for company from the special sources.

3. Allocation: It uses this collected finance to the purchase fixed and current assets for business.

4. Appropriation: It divides company's profits among debenture holders, shareholders, etc. It keeps part of profits as reserves.

5. Assessment: It is also controls all financial activities of the business. Financial management is most important functional area of management.

OBJECTIVS OD FINANCIAL MANAGEMENT:

The objectives of the financial management are depicted and discussed below.

The Profit maximization; The Wealth maximization; The Proper estimation of total the financial requirements; The Proper mobilization; The Proper utilization of finance; The Maintaining proper cash flow; The Survival of the company; The Creating of reserves; The Proper adroitness; Create helpfulness; The Increase effectiveness; The Financial authority; Reduce the cost of capital; The Reduce operating risks; and Prepare capital structure.

FUNCTIONS OF FINANCIAL MANAGEMENT:

Functions of the financial management can be broadly divided into the two groups.

1. The Executive functions of the financial management.

2.The  Routine functions of the financial management.

FINANCIAL MANAGEMENT SERVICE:

Services: These services are include centralized collection, payment, and reporting services, oversight of daily cash flow of nearly $58 billion into and out of the federal accounts, disbursement of extra than $1.5 trillion to extra than 100 million individuals via the Social Security and veterans benefits issuance of the tax refunds and the other federal collection, payments of extra than $2.67 trillion per year in payments to government during the financial institutions and collection of the delinquent debts owed to government.

Credit gateway: Financial Management Service started to the use Credit Gateway as deposit program for receipt of the federal agency Fed wire or Automated Clearing House credit transactions. It is effort to the modernize collections and the cash management programs of the US Department Credit Gateway is operated by the commercial bank and that has been designated as the financial agent of government.

Find Proficient Support in Financial Management at the world's most-trusted platform
Mywordsolution offers you exactly you need in your Financial Management courses if you think that you cannot cope with all the complexities of Financial Management. Our team of dedicated Financial Management specialists, who have been worked in the Financial Management field for a long time, can offer UK, US, Australian, Canadian and word wide students their help in tackling what their Financial Management homework and assignment has to offer them. You just need to specify what kind of Financial Management assignment help you want and what your deadlines are. Once you are done with submission of your Financial Management requirement, our specialists or experts will get back on the job, while at the same time promising things like:

Research relevant to your area

  • The best prices
  • Time on Delivery
  • Plagiarism free Answers
  • 24x7 Supports
  • End Customer Satisfaction

In addition, the Mywordsolution.com facilitates you to search and find the solution for Financial Management questions, or Financial Management textbooks problems. You can search the questions in Financial Management SIGN solution library and download the answers in just little pay of the service.

Finance,Financial Management


Recent Financial Management Questions

Module advanced financial management referral assignment

Module: Advanced Financial Management Referral Assignment: Share Trading Assignment Objectives You are given a notional SGD 100,000 to invest on the Singapore stock market in shares selected from the list of shares in th ...

1 what are the major factors that influence the effective

1. What are the major factors that influence the effective cost of a term loan? 2. Define the following and give an example of each: a. Affirmative covenants b. Negative covenants c. Restrictive covenants 3. What institu ...

Mackenzie corporation is considering leasing a new asset

MacKenzie Corporation is considering leasing a new asset. The lease would run for eight years and require eight beginning-of-year payments of $100,000 each. If MacKenzie capitalizes this lease for financial reporting pur ...

Ajax leasing services has been approached by gamma tools to

Ajax Leasing Services has been approached by Gamma Tools to provide lease financing for a new automated screw machine. The machine will cost $220,000 and will be leased by Gamma for five years. Lease payments will be mad ...

The first national bank of springer has established a

The First National Bank of Springer has established a leasing subsidiary. A local firm, Allied Business Machines, has approached the bank to arrange lease financing for $10 million in new machinery. The economic life of ...

Jenkins corporation wants to acquire a 200000 computer

Jenkins Corporation wants to acquire a $200,000 computer. Jenkins has a 40 percent marginal tax rate. If owned, the computer would be depreciated on a straight-line basis to a book salvage value of $0. The actual cash sa ...

The following stream of after-tax cash flows are available

The following stream of after-tax cash flows are available to you as a potential equity investor in a leveraged lease The cash flow in year 0 represents the initial equity investment. The positive cash flows in years 1 t ...

The jacobs company desires to lease a numerically

The Jacobs Company desires to lease a numerically controlled milling machine costing $200,000. Jacobs has asked both First Manufacturers Bank Leasing Corporation and Commercial Associates, Inc. (a commercial finance comp ...

The first national bank of great falls is considering a

The First National Bank of Great Falls is considering a leveraged lease agreement involving some mining equipment with the Big Sky Mining Corporation. The bank (40 percent tax bracket) will be the lessor; the mining comp ...

As a financial analyst for muffin construction you have

As a financial analyst for Muffin Construction, you have been asked to recommend the method of financing the acquisition of new equipment needed by the firm. The equipment has a useful life of eight years. If purchased, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro