financial management homework help

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Nov 30, 2019 (10 days and 18 hours ago)

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Get Solution Finance, Accounting


Financial Management : Introduction

What is Financial management


Financial management is an organic function of any business. Any
organization needs finances to obtain physical resources, carry out
the production activities and other business operations, pay
compensation to the suppliers, etc. Financial management is defined
as dealing with and analyzing money and investments for a person
or a business to help make business decisions. An example of
financial management is the work done by an accounting
department for a company


Financial management help online


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Learning production and finance


Productivity keeps changing. At times it even drops. When extensive
production does well, then it results in Business cycle expansion.
When it drops, then it brings the recession. The technology is often
responsible for the growth of productivity. It also results in a
productivity drop. Productivity can initially fall when technology
makes human capital obsolete. More and more jobs are getting
destroyed. Cash that is often calculated tends to get jumbled up. It is
most noted that pupils like you are the most apprehensive of
forming a clear concept. In many other instances, it may appear as if
you are periled by the very thought of the use of concepts.

Objectives of Financial Management


The financial management is generally concerned with procurement, allocation and
control of financial resources of a concern. The objectives can be
-




To ensure regular and adequate supply of funds to the concern.




To ensure adequate returns to the shareholders which will depend upon the earning
capacity, market price of the share, expectations of the shareholders.




To ensure optimum funds utilization. Once the funds are procured, they should be
utilized in maximum possible way at least cost.




To ensure safety on investment,
i.e
, funds should be invested in safe ventures so that
adequate rate of return can be achieved.




To plan a sound capital structure
-
There should be sound and fair composition of
capital so that a balance is maintained between debt and equity capital.

Functions of Financial Management

1.
Estimation of capital requirements: A finance manager has to make
estimation with regards to capital requirements of the company. This will
depend upon expected costs and profits and future
programmes

and policies
of a concern. Estimations have to be made in an adequate manner which
increases earning capacity of enterprise.

2.

Determination of capital composition: Once the estimation have been made,
the capital structure have to be decided. This involves short
-

term and long
-

term debt equity analysis. This will depend upon the proportion of equity
capital a company is possessing and additional funds which have to be raised
from outside parties.

3.
Choice of sources of funds: For additional funds to be procured, a company
has many choices like
-


a)

Issue of shares and debentures

b)

Loans to be taken from banks and financial institutions

c)

Public deposits to be drawn like in form of bonds.


Why is Financial Management important?

1.
This form of management is important for various reasons. Take a
look at some of these reasons:


2.

Helps organizations in financial planning;

3.

Assists organizations in the planning and acquisition of funds;

4.

Helps organizations in effectively
utilising

and allocating the funds
received or acquired;

5.

Assists organizations in making critical financial decisions;

6.

Helps in improving the profitability of organizations;

7.

Increases the overall value of the firms or organizations;

8.

Provides economic stability;

9.

Encourages employees to save money, which helps them in personal
financial planning.

Why study financial management?


Diverse career opportunities:
Studying financial management
opens up a lot of diverse career opportunities. It could be in the
private or public sector. Some of the career options include
investment banking, entrepreneurship, financial analysis, financial
and managerial accounting, and strategic financial management. It
is also beneficial for those people who are interested in starting
their own business. Doing a financial management course or
obtaining a finance degree can help people get promotions or
better accounting jobs.


Improve interpersonal skills:
Doing a course in this field will
allow you to build better communication and teamwork skills
through developing relationships with your colleagues.

Why study financial management?


Builds personality:
Doing a course in this field also helps
in improving your soft skills. This is because people who wish
to work in this sector must be extroverts, and should be able
to talk about finance for hours altogether. This helps in
improving their personality, knowledge, and communication.

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