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Nature and Scope of Financial Management – 10 Questions Quiz

Nature and Scope of Financial Management – 10 Questions Quiz!

Nature and Scope of Financial Management

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Nature and Scope of Financial Management is the excellent topic for commerce students.Financial Management can be termed as  planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.There are two approaches of financial management i.e traditional and modern approach. In traditional approach, it is restricted to raising to funds from various sources and completion of the legal formalities required to do the same. While the modern approach says that there are three important functions which are expected to be performed in this context i.e Amount required, how to raise that and where to invest that.

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