States Academic Press
Commerce, Management and Economics - Accounting and Finance
Financial management is the practice of planning, organizing, directing, and controlling financial activities such as procurement and utilization of funds in a business entity. It is concerned with the estimation of capital requirements, determination of capital composition, choices of sources of funds, investment of funds, etc. Risk management is the process of identifying, assessing and controlling threats to a company's capital and source of revenue. These threats can arise from a wide range of sources such as financial uncertainty, legal liabilities, strategic management errors, accidents, and natural disasters. The topics included in this book on financial management are of utmost significance and bound to provide incredible insights to readers. It picks up individual branches and explains their need and contribution in the context of a growing economy. This book is a vital tool for all researching and studying this field.