Approaches and Objectives Towards Financial Management

Financial management is an integral part of overall management. It is concerned with theduties of the financial managers in the business firm. The term financial management has been defined by Solomon, “It is concerned with the efficient use of an important economic resource namely, capital funds”.Thus, Financial Management is mainly concerned with the effective funds management in the business. In simple words, Financial Management as practiced by business firms can be called as Corporation Finance or Business Finance. This paper provides the approaches and objectives towards financial management