Commerce Exam  >  Commerce Questions  >  What is the difference between financial mana... Start Learning for Free
What is the difference between financial management and financial planning?.explain please?
Verified Answer
What is the difference between financial management and financial plan...
Financial Planning– Financial Planning Is the process of planning your finance for Future.  Financial Planning is the task of managing that how a business or individual will afford it’s finance, complete its future goals and Objectives. It is the process of determining that how an organization will achieve it’s financial aims. For planning your finance it is not necessary that you should have finance or money at the time of planning.

Financial Management– Finance And Money is the Vital need of any business and Organization. The source of finance is always limited. So therefore it is very important to manage finance in a right manner. Financial management is the process of planning, organizing, controlling and managing financial resources, with the aim of achieving all financial goals of organization.
This question is part of UPSC exam. View all Commerce courses
Explore Courses for Commerce exam

Top Courses for Commerce

What is the difference between financial management and financial planning?.explain please?
Question Description
What is the difference between financial management and financial planning?.explain please? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is the difference between financial management and financial planning?.explain please? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between financial management and financial planning?.explain please?.
Solutions for What is the difference between financial management and financial planning?.explain please? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of What is the difference between financial management and financial planning?.explain please? defined & explained in the simplest way possible. Besides giving the explanation of What is the difference between financial management and financial planning?.explain please?, a detailed solution for What is the difference between financial management and financial planning?.explain please? has been provided alongside types of What is the difference between financial management and financial planning?.explain please? theory, EduRev gives you an ample number of questions to practice What is the difference between financial management and financial planning?.explain please? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev