Financial Management Task
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A Financial Management Task is a management task of money (funds).
- Context:
- It can range from being a Personal Financial Management Task to being an Organizational Financial Management Task.
- See: Financial Analyst, Finance Director, Financials Management.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/financial_management Retrieved:2015-7-13.
- Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the 'Line' but also in the capacity of 'Staff' in overall of a company. It has been defined differently by different experts in the field.
It includes how to raise the capital, how to allocate it i.e. capital budgeting. Not only about long term budgeting but also how to allocate the short term resources like current liabilities. It also deals with the dividend policies of the share holders..
- Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the 'Line' but also in the capacity of 'Staff' in overall of a company. It has been defined differently by different experts in the field.