PPT - Financial Management Commerce Notes | EduRev

Business Studies (BST) Class 12

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Commerce : PPT - Financial Management Commerce Notes | EduRev

 Page 1


FINANCIAL 
MANAGEMENT
Page 2


FINANCIAL 
MANAGEMENT
Outline:
? Definition
? Financial Management Process
? Importance Of Financial Management
? Who is Responsible for Financial Management
? Principles of Financial Management
? Four Building Blocks of Financial  Management 
? Financial And Management Accounting 
? Conclusion 
Page 3


FINANCIAL 
MANAGEMENT
Outline:
? Definition
? Financial Management Process
? Importance Of Financial Management
? Who is Responsible for Financial Management
? Principles of Financial Management
? Four Building Blocks of Financial  Management 
? Financial And Management Accounting 
? Conclusion 
What is Financial Management ?
Financial management  is the efficient and 
effective 
management of (funds) in such a manner as to 
accomplish the objectives of the organization. 
It is the planning, organizing , controlling and
monitoring of the financial recourses of an 
organization.
Page 4


FINANCIAL 
MANAGEMENT
Outline:
? Definition
? Financial Management Process
? Importance Of Financial Management
? Who is Responsible for Financial Management
? Principles of Financial Management
? Four Building Blocks of Financial  Management 
? Financial And Management Accounting 
? Conclusion 
What is Financial Management ?
Financial management  is the efficient and 
effective 
management of (funds) in such a manner as to 
accomplish the objectives of the organization. 
It is the planning, organizing , controlling and
monitoring of the financial recourses of an 
organization.
Financial management process
They are:
? Managing scarce resources
? Managing risks
? Managing strategically
? Managing by objectives
Page 5


FINANCIAL 
MANAGEMENT
Outline:
? Definition
? Financial Management Process
? Importance Of Financial Management
? Who is Responsible for Financial Management
? Principles of Financial Management
? Four Building Blocks of Financial  Management 
? Financial And Management Accounting 
? Conclusion 
What is Financial Management ?
Financial management  is the efficient and 
effective 
management of (funds) in such a manner as to 
accomplish the objectives of the organization. 
It is the planning, organizing , controlling and
monitoring of the financial recourses of an 
organization.
Financial management process
They are:
? Managing scarce resources
? Managing risks
? Managing strategically
? Managing by objectives
? Managing scarce resources:
Organizations operate in a competitive environment where 
funds are increasingly scarce. We must therefore make sure 
that funds and resources are used properly and to the best 
effect to achieve the organization’s mission and objectives.
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