Financial Management:
Financial Management refers to that part of the Management activities which is concerned with the planning controlling of firms financial resources.
Finance function has become so important that it has given birth of financial Management as the separate subject. Financial Management deals with finding out various sources for rising funds for the firm. The sources must be suitable and economical for the needs of the business. The most appropriate use of such funds also forms a part of financial Management .As a separate Managerial activity it has a resent origin. This subject is still developing.
Financial management is applicable to every type of organization, irrespective of its size, kind of nature. It is a useful to a small concern as to a big unit.
