Course details
Financial management is essentially a process of managing money in a proficient and effective way to achieve the organisation’s goals. Various activities are involved in financial management such as development, management, directing and taking control of financial activities, procurement and use of funds for projects.This unit provides a detailed examination of financial management, functions of financial management and its scope. It also describes the objectives of the business firm, major decisions of the finance function and the structure and organisation of the finance department.
On completion of this unit learners will be equipped to identify the conflict of goals, financial goals, finance and accounting.
Objectives:
- After completing this course learners will be able to:
- Understand the scope and functions of financial management
- Explain objectives of the business firm
- Describe the major decisions of the finance function
- Understand the structure and organisation of the finance department
Lesson(s):
Introduction to Financial Management
Topics:
- Financial Management and its Scope
- Finance Functions
- Objectives of the Firm
- Conflict of Goals: Management Vs. Owners
- Financial Goals and Firm's Objectives
- Organisation of Finance Function
- Finance and Accounting
- Economics and Finance
Eligibility / Requirements
No prior knowledge is required to take this course.
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