Financial Management
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.
The term typically applies to an organization or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It ...more
The term typically applies to an organization or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It ...more
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If you found yourself at the top of the organization, try your level best not to directly manage funds or have ultimate power over financial managers. Otherwise, you will find yourself at the bottom of the prison cell wondering what happened.
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If the world was perfect and smooth we would want to pay everything for cash and never need to get loans. But having any other loans apart from school loan and a mortgage is a huge mistake, these are the only loans which can give you tax breaks and an opportunity to use your monthly cash flow to invest or build savings
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