Exam Cracker Financial Management for BBA, MBA, IPCC, CS, ICWA, M.COM, & Other Various Universities

            Financial Management is the branch of management which is concerned with the estimation of funds, procurement of funds and utilization of funds for attaining the predetermined goals of an organisation. In other words, Financial Management is the application of general management principles in the area of financial decision making. It is the operational activity of a business that is responsible for effectively utilizing the funds necessary for efficient operation. It is concerned with the acquisitions and financing of long term and short term credit for the firm. According to J.F. Bradly, Financial Management is the area of business management devoted to the judicious use of capital and a careful selection of sources of capital in order to enable a business firm to move in the direction of reaching its goal.