Insight Into Financial Management

Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

This book introduces the core of “Financial Management”. Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

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 takes financial decisions under three main categories namely, investment decisions, financing decisions and dividend decisions. It helps business firm to take financial decisions. It prepares guideline for earning maximum profits with minimum cost. It increases shareholders’ wealth. It can control the financial aspects of the business. It provides information through financial reporting.

There are four recognized elements of financial management: (1) planning, (2) control- ling, (3) organizing and directing, and (4) decision making. The four divisions are based on the purpose of each task.

The three types of financial management decisions are capital budgeting, capital structure, and working capital management.

We sincerely hope that, when you read this book, you will develop an interest in technical analysis and have a detailed knowledge on what has made investors develop such an analysis method. We are quite confident that technical analysis will be one of the useful methods for you to improve your knowledge on investment.

With the help of this book, the reader can build a solid foundation for his / her endeavor in Financial Accounting.

Happy Learning!