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  3. Boston College, Boston (BC)
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  5. Introduction to financial management (UFM101)

Lecture notes

This documents comes in handy for students majoring in finance
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best introduction to financial manegement document you'll find. indepth information setting you up with a good understanding and strong foundation in the financial management field.

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Document information

  • June 24, 2023
  • 20
  • 2022/2023
  • Lecture notes
  • Proffessor solomon
  • All classes

Subjects

  • finance management wealth creation

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Pikyie

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INTRODUCTION T
FINANCIAL MANAGEMEN
UNIT

, MEANING OF FINANCIAL MANAGEMENT


• Finance may be defined as the art and science of managing money.
• It includes financial service and financial instruments.
• Finance function is the procurement of funds and their effective utiliz
in business concerns.

, DEFINITION OF FINANCIAL MANAGEMEN


• The term financial management has been defined by Solomon,
concerned with the efficient use of an important economic reso
namely, capital funds”. The most popular and acceptable definitio
financial management as given by S.C. Kuchal is that “Fina
Management deals with procurement of funds and their effe
utilization in the business”.

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