What is meant by ‘Financial Management’?

Financial Management refers to that part of a managerial activity which is concerned with procurement and utilisation of funds for business purposes. In other words, it deals with the proper management of funds.

The primary and most important objective of financial management is to maximise the wealth of equity shareholders, which means maximising the market price of equity shares.

Leave a Reply

Your email address will not be published. Required fields are marked *