Open App

B Com Exam > B Com Videos > Finance & its Importance - Finance Functions, Accountancy and Financial management

Finance & its Importance - Finance Functions, Accountancy and Financial management Video Lecture - B Com

FAQs on Finance & its Importance - Finance Functions, Accountancy and Financial management Video Lecture - B Com

1. What are the main functions of finance?

Ans. The main functions of finance include financial planning, which involves setting goals and objectives for the organization's financial performance; financial control, which involves monitoring and evaluating the organization's financial performance; and financial decision making, which involves making investment, financing, and dividend decisions to maximize shareholder wealth.

2. What is the difference between accountancy and financial management?

Ans. Accountancy involves the recording, classifying, and reporting of financial transactions, as well as the preparation and analysis of financial statements. It focuses on the historical aspects of financial information. On the other hand, financial management involves the planning, controlling, and decision making related to the financial resources of an organization. It focuses on the future aspects of financial information and aims to maximize shareholder wealth.

3. Why is finance important in business?

Ans. Finance is important in business because it helps organizations to make informed financial decisions, allocate resources effectively, manage cash flow, and evaluate the financial performance of the organization. It also enables businesses to raise capital, invest in new projects or ventures, and manage risks effectively.

4. What are the key components of financial management?

Ans. The key components of financial management include financial planning, which involves setting financial goals and developing a financial plan to achieve them; financial control, which involves monitoring and evaluating the organization's financial performance; and financial decision making, which involves making investment, financing, and dividend decisions to maximize shareholder wealth.

5. How does financial management impact the overall success of a business?

Ans. Financial management plays a crucial role in the overall success of a business. It helps in managing the financial resources effectively, ensuring the availability of funds for day-to-day operations and long-term investments. It also helps in evaluating investment opportunities, managing cash flow, controlling costs, and maximizing profitability. Additionally, financial management helps in assessing the financial risks and making informed decisions to achieve the organization's financial goals.

Related Exams

B Com

About this Video

	1.6K Views
	4.91/5 Rating
	Dec 19, 2024 Last updated

Finance & its Importance - Finance Functions, Accountancy and Financial management for B Com2024 is part of B Com preparation. The notes and questions for Finance & its Importance - Finance Functions, Accountancy and Financial management have been prepared according to the B Com exam syllabus. Information about Finance & its Importance - Finance Functions, Accountancy and Financial management covers all important topics for B Com2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Finance & its Importance - Finance Functions, Accountancy and Financial management.

Introduction of Finance & its Importance - Finance Functions, Accountancy and Financial management in English is available as part of our B Com preparation & Finance & its Importance - Finance Functions, Accountancy and Financial management in Hindi for B Com courses. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Description

Video Lecture & Questions for Finance & its Importance - Finance Functions, Accountancy and Financial management Video Lecture - B Com - B Com full syllabus preparation | Free video for B Com exam.

Information about Finance & its Importance - Finance Functions, Accountancy and Financial management

Here you can find the Finance & its Importance - Finance Functions, Accountancy and Financial management defined & explained in the simplest way possible. Besides explaining types of Finance & its Importance - Finance Functions, Accountancy and Financial management theory, EduRev gives you an ample number of questions to practice Finance & its Importance - Finance Functions, Accountancy and Financial management tests, examples and also practice B Com tests.

Explore Courses for B Com exam

Signup for Free!

Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.

Start learning for Free

10M+ students study on EduRev

Semester Notes

practice quizzes

mock tests for examination

past year papers

pdf

Accountancy and Financial management Video Lecture - B Com

Exam

Extra Questions

shortcuts and tricks

video lectures

ppt

Viva Questions

Finance & its Importance - Finance Functions

Previous Year Questions with Solutions

Accountancy and Financial management Video Lecture - B Com

Finance & its Importance - Finance Functions

MCQs

Objective type Questions

Finance & its Importance - Finance Functions

study material

Summary

Sample Paper

Free

Important questions

Accountancy and Financial management Video Lecture - B Com

;

Study Finance & its Importance - Finance Functions, Accountancy and Financial management on the App

Students of B Com can study Finance & its Importance - Finance Functions, Accountancy and Financial management alongwith tests & analysis from the EduRev app, which will help them while preparing for their exam. Apart from the Finance & its Importance - Finance Functions, Accountancy and Financial management, students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc. The EduRev App will make your learning easier as you can access it from anywhere you want. The content of Finance & its Importance - Finance Functions, Accountancy and Financial management is prepared as per the latest B Com syllabus.

Education Revolution